GAMING & LEISURE Alert: May 2013 Industry Update

15 May 2013

Publications

On 1 May the NSW government passed legislation that will allow NSW licensed on course bookmakers to offer bets on and off course reflecting the declared tote price, commonly called Tote odds betting. The changes brings NSW in line with bookmakers in other jurisdictions who can offer this product, including the Northern Territory, Victoria, Queensland and South Australia. All three racing codes have supported the change. The legislation also broadens the range of sanctions available to Racing NSW if a registered NSW race club fails to comply with a condition of its registration. These include suspension of the race club’s registration and civil penalties of up to $5,500 for a first offence and $11,000 for subsequent offences. This is an addition to the previously available sanctions of censure and de-registration. The changes are intended to assist in ensuring the ongoing sustainability and integrity of the NSW racing industry.

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