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Betfair Changes Australian Licensing

Betting firm Betfair has announced that it has opted to change the area in which it holds its Australian gaming license, changing the jurisdiction from Tasmania to the Northern Territory.

The change is a cost-saving measure, as the move will save Betfair roughly A$800,000 annually, and will reportedly ding Tasmania for A$3 million in terms of their licensing and tax fees generated. The company will maintain its offices in Tasmania through, where it currently employs 50 people, and the Crown Resorts group of properties will remain as they are.

Betfair operates a betting exchange in Australia, and also has a global outlook, as it operates online gaming sites in regulated jurisdictions, including New Jersey within the United States.

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29 September 2016 - 11:16pm

Sound like a very reasonable move from Betfair 800 000 dollars even though Australian Wink is quite an amount to be saved annually and it's a significant one even for a gambling giant like Betfair.