Have I got this right?
The desire to send an industry to a cheaper producer is so we can have a lower gambling tax
Those that view racing as purely a gambling medium and who know how to use the rebate system combined with big pools to get "free money" don't really care much for the stuff we all love about racing.
It is all about them putting more money in their own pockets at the cost of the quality of Australian horse racing.
Up until this point we seem to have seen off a lot of attempts to get free money out of Australian horse racing but not so confident this will happen in the future.
There is starting to be a bit of history (vested interests) he
- Corporate bookmakers "do a deal" with the Federally administered Northern Territory to get out of paying stamp duty. I'm sure there is a bit of "lobbying" still going on there. Lobbying in the Territory would be very cheap
- Corporate bookmakers fight Racing NSW all the way to the High Court to get out of paying local racing taxes. They lose very badly.
- Corporate bookmakers then infiltrate the board of Racing Victoria. Next thing we have the uncommercial racing.com invented and racing vision was turned off for TABCorp for a brief period - they had to come crawling back when revenue fell off a cliff.
- We had a situation where if a Victorian punter was watching SA racing on racing.com and had a bet with a corporate bookmaker advertising on racing.com on the SA races, Victorian racing did not get one cent. That was up until POC tax which will change that - but it is a historical point. Which people oversaw a model whereby Vic racing subsidised SA racing? And why did they do it? And are they still in decision making positions?
- Large punters are able to get rebates which gives them an unfair advantage over regular punters. I can only assume that this is allowed because someone somewhere is getting a weekly brown paper bag because there is absolutely no justification for this. I've heard the pathetic "pool liquidity" arguments but they are a desperate attempt to justify something that should be illegal.
Racing in Australia is doomed if these vested interests get their way. We need to fight them on every point.
Otherwise our racing will be no better than South Africa or Chile.