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New Pub Betting Terminal "Outrages" Racing Vic
A new "betting terminal in South Melbourne's Rising Sun Hotel has outraged Racing Victoria," reported The Herald-Sun. The prototype Venuenet terminal "gives punters the chance to open an account & bet" with corporate bookmaker Darwin Sportsbet "which is directly in competition with Tabcorp". RV chief executive Rob Hines said the terminals "threatened the finances of the Victorian racing industry". However Venuenet chairman John Thompson said another "20 to 30 pubs throughout Australia had already ordered terminals". Tabcorp & RV "have pounced on the State Government, claiming the terminal directly conflicts with Tabcorp's wagering exclusivity rights in Victoria". The bigger picture "is what an influx of the terminals would do to the value of the Victorian wagering licence, which is currently held by Tabcorp, but up for grabs by 2012". Hines urged the government to stamp out the terminals immediately, declaring: "We are vehemently opposed to these terminals. It is critical the State Government protects the exclusivity of the Victorian wagering licence. We see this potential loss of retail exclusivity as having the biggest single impact on the future funding of the racing industry. The loss of income to the industry would be absolutely massive." A spokesman for Victorian Gaming Minister Tony Robinson said the terminals "had been referred to the Victorian Gambling Regulation Commission for investigation".