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VIC Responds To Offshore Bookmaker Threat

Friday, 28th August 2015

Meanwhile, Racing Victoria (RV) has introduced new rules which will make it an offence for any licensed racing participant to bet with non-approved wagering operators, primarily offshore corporate bookmakers and betting exchanges, reports Racing.com. The rule, LR66AA, applies to all licensed and registered persons, including trainers, trainers' stable employees, bookmakers and farriers. Importantly, it will also cover racehorse owners and industry officials. Several several non-approved Asian-based betting exchanges, including Citibet and Vanuatu-based bookmaker PuntingPal, are causing plenty of concern for RV's Integrity Department. Dayle Brown, RV Executive General Manager of Integrity, is concerned that non-approved wagering operators are a risk to punters and the wider Victorian thoroughbred industry and says this new rule will strengthen integrity. "Non-approved wagering operators pay no returns to the Victorian thoroughbred racing industry for the use of our product, nor are they complying with our integrity requirements as approved wagering operators are obliged to do through information sharing and compliance," Brown said. "Furthermore, the level of complaints that Racing Victoria and other law enforcement authorities have received over recent months regarding non-approved wagering operators, particularly those based offshore, failing to pay punters monies owed has increased to a concerning level." He added: "This new rule restricts industry participants from betting with non-approved wagering operators that are undermining the integrity and funding of the Victorian thoroughbred racing industry."

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