3rd June 2014, 06:02 PM
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Member
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Join Date: Sep 2011
Posts: 1,474
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Look at the actual turnover for betfair on Australian markets for the last few years. It has still grown for Australia. Even after the turnover tax, the premium charges, etc. Its growing. Betfair has more charges to pay out to regulatory bodies but there market share has not dropped.
From the annual report:
Quote:
Betfair Australia is a 50:50 joint venture between Betfair and Crown Limited. Net revenue was up 13% in the year, driven by a 23% increase in Australian racing revenues. Following the decision of certain states to implement turnover-based race field fees, Betfair Australia increased the base rate of commission from 5% to 6.5% on Australian horseracing. This change in pricing structure was the driver of the increase in horseracing revenue. The revenue growth, however, was insufficient to cover the increased race field fees and our share of underlying operating profits reduced to £1.4m (FY12: £2.4m).
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Its all available in their last annual report. They even made a profit in the Australian region.
So even if the markets are not there earlier for the "traders" they are still at least matching as much as they were through the previous years and growing.
The exchange isn't going anywhere anytime soon.
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