-->

Bookies Blast Greedy Racing QLD Policy

Deposit $100
to get

$250*

*In Bonus-bets

View Offers

Deposit $50 bet with

$200*

*In Bonus-bets

View Offers

Deposit $25
to get

$75*

*In Bonus-bets

View Offers

Deposit $250
to get

$250*

*In Bonus-bets

View Offers

In the latest chapter of the book of ongoing disputes in the Sunshine State on course bookies have called for a full overview of the way they’re charged by Racing Queensland.

Leading fielder Lindsay Gallagher claims that if current regulations aren’t altered on course bookie representation could be cut in half in less than six months.

The anger stems from new race fields legislation which they say reaches into their pockets with two hands.

As it stands all wagering operators pay a flat 10 percent fee on profit they’ve made over the course of a month, that number set at 15 percent during the carnival period.

In addition to that however they also shell out a .33 percent turnover tax and stand fee.

This tax is said to earn the Brisbane Racing Club alone around $600,000 each year.

The conjecture arises from the fact bookies operating in Victoria and New South Wales do not have to pay the fee, the money instead flowing to the clubs from either Racing Victoria or Racing New South Wales on the back of their new fields legislation.

Racing Queensland remains adamant they won’t be replicating this move.

“The clubs have the right to charge that fee and they are continuing to do that,” RQL chief executive Malcolm Tuttle said.

“We, RQL, are charging a fee for use of the information by bookmakers.”

Racing Queensland charges their fees monthly and there is no credit given for losses during the previous months.

That is also different to other states where profits are based across a full 12 month period and bookmakers receive compensation for the on course turnover tax.

The idea of race fields legislation as a whole was to ensure corporate bookmakers return their fair share of profits to the racing industry.

On course bookies claim they’ve now been unfairly disadvantaged by a policy that wasn’t even designed to restructure them.

“They either want to put us out of business or slug you twice,” Gallagher said.

“Every other state does have compensation. Except here they want to double dip, that’s what it amounts to.”

He said that bookies now face a very real threat to their survival and if they were to fall so to may the entire country racing industry with no betting market to prop it up.

“We have copyright on the prices but we are not getting compensation for creating the market,” he said.

“We create the prices. The blokes in Darwin (corporates) aren’t.”

Tuttle though argues that while they may have a tangible impact during the Brisbane winter carnival, he isn’t convinced they are an essential part of the industry during the rest of the year.

“Our interest is getting a fee for the industry when the information is used,” he said.

“The charge is intended to more readily relate to the use of the information and not whether … the business has been profitable or otherwise.”

About The Author

10 Comments

  1. Eddy Pritchell

    rac2us says:August 30, 2017 at 11:28 amI don’t hear anyone talking about RGIII and why he has not been signed anywhere. He actually looked ok with the Browns prior to getting injured.————————-That right there is what they call answering your own question.

  2. Elliot Bombardier

    NOBODY!!! That’s NOBODY has a RIGHT to be employed as an NFL player. Stop. Please just stop. If some owner decides he wants to hire a running QB that can’t anticipate, read defenses, or make throws thru NFL size windows and who also likes to hijack the National Anthem for non-football related agendas, then Kap will get a call. UNTIL THEN, JUST STOP!

  3. Dalia Palischak

    You know, the off season is actually more entertaining then the regular season.

  4. Arminda Suares

    He offended, which is impossible to do in this society. He is a man of great integrity. He repented, even when many think he did nothing wrong. It would behoove many athletes to have his integrity.

  5. Cicely Aningalan

    Blackballing implies collusion or conspiracy. Each team is doing what they feel is best for themselves and nobody wants him.

  6. Stephany Hayslip

    How long did Hochuli’s denial take to explain? He nearly recites the entire Great Gatsby when explaining every penalty.

  7. skull mp3 download music

    I have realized some considerations through your blog post. One other stuff I would like to talk about is that there are numerous games on the market designed specifically for toddler age young children. They include pattern acknowledgement, colors, dogs, and styles. These generally focus on familiarization instead of memorization. This keeps little ones occupied without having a sensation like they are studying. Thanks

  8. ed sheeran news

    food deliveries are very convienient that is why me mostly order our lunch from several food delivery services here in NY“

  9. Nella Legard

    The internet can make it simplier and easier than at any time to acquire foods distribution providers.  Simply because they are on-line, they are easy for you to learn. You can shop for what you desire suitable from your unique personal computer. It is less complicated than actually to uncover food suppliers for Japanese cooking, this includes individuals that specialize in meals these kinds of as kombu. This kelp is harvested in Japan and is important for a lot of Japanese dishes. If you are arranging on cooking Japanese foods, you will want to be specified that you use the freshest ingredients. 

  10. Danial Corrieri

    I have to thank you for the efforts you’ve put in writing this website. I am hoping to see the same high-grade content from you later on as well. In truth, your creative writing abilities has motivated me to get my own, personal site now ;)|

Leave a reply

Your email address will not be published. Required fields are marked *