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Tabcorp asks for government protection
 November 11, 2008, 8:53 am (3 years ago)According to the Age newspaper in Australia, the long-built Tabcorp betting organization needs government protection to assist it improved fight with Northern Territory-based Internet competitors mostly betting exchange Betfair, which holds an Australian corporation with casino and media king James Packer.
The important Melbourne Cup took place last week appears to have been the accelerator for the demand. Tabcorp took A$36.5 million in bets on the major Melbourne Cup pure-bred horse race, which was 10.3 % up on last year’s event. But the owner and operator of the Tab for the state of Victoria announced that this was just 5.5 % over was wagered on the 2006 Melbourne Cup, and that it received a sum of just A$64.8 million in excess of the day’s 10 events, which was only 3.5 % in excess of that in 2007 and 3.2 % higher than in 2006.
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