Many customers will be aware of the recent Australian High Court ruling requiring wagering operators to pay a fee based on turnover to accept bets on New South Wales thoroughbred and harness racing. Racing Victoria and Racing Queensland are both also moving to a fee regime based on turnover with Queensland commencing on 1 August 2012 and Victoria expected on 15 August 2012.
Betfair has been reevaluating its pricing structure in the wake of these decisions and it has been determined that regretfully a turnover charge will be applied to a very small group of customers who meet specific criteria. This will ensure Betfair can continue to offer the best wagering product in the market and provide our customers access to all Australian racing content. The charge will come into effect on 30 July 2012.
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