Did nothing so ny horse bettors could be on Sunday April 17 racing Santa Anita woodbine etc
May be they should have bought the finks?
- WSJ NEWS EXCLUSIVE
- BUSINESS
News Corp Will Help Launch Online Sports-Betting Company in Australia
The company has a current working title of BetR, according to a person familiar with the matter
News Corp is part of a consortium eyeing a competitive field in one of the most mature sports-betting markets in the world.
PHOTO: JEENAH MOON/BLOOMBERG NEWS
News Corp is entering the sports-betting market, joining a consortium to launch an online wagering brand in Australia, according to people familiar with the matter.
The consortium is joining a competitive field in one of the most mature sports-betting markets in the world. The company has a current working title of BetR, according to one of the people.
Tekkorp Capital, a Las Vegas digital sports-gambling investment firm, and Australian betting-industry executive Matthew Tripp are working with News Corp, the people said.BetMakers Technology, which trades on theAustralian Securities Exchange, will provide the technology, they said.
News Corp is the owner of Dow Jones & Co., the publisher of The Wall Street Journal.
A News Corp spokeswoman referred questions to a colleague in Australia, who couldn’t immediately be reached for comment.
Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
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