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NSW Independent Review Of Wagering Report

Friday, 5th December 2008

NSW Gaming & Racing Minister Kevin Greene called for "a national approach to the regulation of wagering" following yesterday's release of an independent review of wagering in NSW. Greene made the call ahead of a meeting of Australasian Racing Ministers in Melbourne today. Last year the NSW Government commissioned Alan Cameron "to look at ways for the industry to develop a framework for growth & sustainability around wagering practices". In releasing Cameron's review, Greene said he was now "seeking comment from key industry groups on the 24 recommendations he has put forward. It is very apparent this sport & the whole racing industry that surrounds it are operating in a rapidly changing national landscape. It is becoming increasingly problematic for any state to try operating independently with the entry of corporate bookmakers & the cross-border leaking of revenue. That's why I will raise this as a critical issue for the nation-wide future of the sport at the Australasian Racing Minister's conference." Greene noted: "A key issue to examine is the way many other states allow bookmakers to offer tote odds. The NSW Government believes this diminishes the level of funding brought back to the racing industry & would like to see the example here taken up across the country."

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