OZmium Sports Betting and Horse Racing Forums - View Single Post - NSW Minimum Bet Limits

Quote:

Originally Posted by stugots

Well assuming that a bookmaker must be licensed by RNSW to operate on NSW races, then surely RNSW will be within their rights to suspend said licence until a bookmaker complies with the new regs.

Bookmaker licensing in New South Wales is the responsibility of the relevant controlling bodies of racing. However, bookmakers may obtain authorities for approved events betting, telephone and electronic betting from the Minister for Gaming and Racing under the Racing Administration Act 1998.

Bookmaker Electronic (Internet) Betting and Approved Premises Betting - Racing NSW policy information

Updated March 2011
Electronic Betting

Bookmakers wishing to conduct electronic betting and obtain Internet access to view prices, transact bets or make bet backs on thoroughbred, harness, greyhound races or approved betting events with licensed wagering operators while fielding at a racecourse or approved betting premise must make application to Racing NSW.

A bookmaker must also apply to the Office of Liquor, Gaming and Racing (OLGR) for an Electronic Betting Authority and/or Betting Back Approval.
If an Electronic Betting Authority is approved by the Minister and an Authorisation is permitted by Racing NSW, bookmakers may view prices, transact bets or bet backs with licensed wagering operators via the Internet utilising an OLGR approved betting system when it is lawful to operate as a bookmaker.

Such approvals are restricted to Bookmakers use on a racecourse, an authorized betting office, betting auditorium or an approved betting premise and are subject to the Rules of Racing (including LR 97A), the Racing NSW Bookmaker Telephone, Electronic Betting and Approved Premises or Authorised Betting Office Standard Conditions and any policies or directions of Racing NSW or conditions of approval of OLGR.
To view Bookmakers Betting Limits please click here

The NSW Bookmaker Electronic Betting Conditions, as approved by the Minister for Gaming and Racing, are issued by OLGR to those bookmakers who have been issued with the relevant Internet Betting Authority. See also section 16 of the Racing Administration Act 1998.

http://www.racingnsw.com.au/default...kmakers-betting

Hi Stugots

Yes if they are LICENSED by Racing NSW in terms of their bookmakers licence then yes they are required to comply and are governed by the regulatory framework of that states licencing authority. What I'm referring to though is that most of the corporate bookmakers whilst they OPERATE on NSW racing aren't licensed by Racing NSW (most being licensed in the NT). Operating on NSW racing in these situations comes under the Race Fields Legislation that deals with the financial contributions made by those corporate bookmakers as a result of publishing race fields or NSW racing.