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Betfair Australia
Betfair Australia is the Australian operation of the web betting exchange, Betfair. Established in 2005, Betfair Australia operates Australia's only betting exchange under a Tasmanian Gaming Licence. Since August 2014 Betfair Australia has been fully owned by Crown Resorts. History Betfair UK was founded in 2000 by Andrew Black and Edward Wray. In 2004 Betfair signed a joint venture agreement with Australia's Publishing and Broadcasting Limited to start the Australian exchange. Betfair was awarded a non-exclusive licence by the Tasmanian Gaming Commission in February 2006 to conduct Australia's first betting exchange. Later that year Betfair Australia's market operations team managed its first market and shortly after the first telephone betting calls were taken by Betfair Australia staff. Operations In November 2005 the Government of Tasmania announced a deal to license Betfair in Tasmania. It was the second licence awarded to Betfair outside the UK - the first being in Malta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betfair
Betfair is a British Gambling, gambling company which operates the world's largest online betting exchange. Its product offering also includes sports betting, online casino, online poker, and online bingo. Founded in 2000, the business is split into two divisions, United Kingdom, UK and International. UK operations are conducted from its headquarters in Hammersmith in Greater London, while its International business operates from its overseas hubs in Malta and Ceuta, Spain. In February 2016, Betfair merged with Paddy Power to create Flutter Entertainment. History The company was founded in June 2000, by Andrew Black (gambling entrepreneur), Andrew Black and Edward Wray. Softbank purchased 23% of Betfair in early April 2006, valuing the company at GBP, £1.5 billion. In December 2006, Betfair completed the purchase of the horseracing publishing company Timeform (which traded under the name Portway Press Ltd). Betfair was the first betting company to sponsor an English football ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Law Reports
The Commonwealth Law Reports (CLR) () are the authorised reports of decisions of the High Court of Australia. The Commonwealth Law Reports are published by the Lawbook Company, a division of Thomson Reuters. James Merralls AM QC was the editor of the Reports from 1969 until his death in 2016. The current editors are Christopher Horan KC and Paul Vout KC. Each reported judgment includes a headnote written by an expert reporter (by convention, a practising barrister) which, as an authorised report, has been approved by the High Court. The current reporters are as follows: * Roshan Chaile * Ella Delany * Bora Kaplan * Rudi Kruse * James McComish * William Newland * Alistair Pound SC * Daniel Reynolds * Alexander Solomon-Bridge * Julia Wang * Michael Wells * Jillian Williams * Radhika Withana The headnotes include a summary of counsel's legal arguments. The Reports also include tables of cases reported, affirmed, reversed, overruled, applied or judicially commented on and cited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling Companies Established In 2005
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not univers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Companies Established In 2005
Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Australians, indigenous peoples of Australia as identified and defined within Australian law * Australia (continent) ** Indigenous Australians * Australian English, the dialect of the English language spoken in Australia * Australian Aboriginal languages * ''The Australian'', a newspaper * Australiana, things of Australian origins Other uses * Australian (horse), a racehorse * Australian, British Columbia, an unincorporated community in Canada See also * The Australian (other) * Australia (other) * * * Austrian (other) Austrian may refer to: * Austrians, someone from Austria or of Austrian descent ** Someone who is considered an Austrian citizen, see Austrian nationality law * Austrian German dialect * Someth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betting Exchange
A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. Gamblers can buy (also known as "back") and sell (also known as "lay") the outcome, and they can trade in real-time throughout the event, either to cut their losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a small commission on winning bets. History The first betting exchanges were Matchbook, flutter.com and Betfair. Flutter and Betfair merged in 2001 with Betfair chosen as the primary betting exchange. The flutter.com site ceased operations in January 2002. Since then Betfair has maintained a leading position in the betting exchange market. BETDAQ (which also traded as the 'Ladbrokes Exchange') is believed to be the second largest betting exchange and it had an estimated 7% share of the bettin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 ICC Cricket World Cup
The 2015 ICC Cricket World Cup was the 11th Cricket World Cup, a quadrennial One Day International (ODI) cricket tournament contested by men's national teams and organised by the International Cricket Council (ICC). It was jointly hosted by Australia and New Zealand from 14 February to 29 March 2015, and was won by Australia. This was the second time the tournament was held in Australia and New Zealand, the first having been the 1992 Cricket World Cup. The tournament consisted of 14 teams, which were split into two pools of seven, with each team playing every other team in their pool once. The top four teams from each pool progressed to the knockout stage, which consisted of quarter-finals, semi-finals and a final. The final was between the co-hosts Australia and New Zealand. Australia won by seven wickets, to win their fifth Cricket World Cup. The total attendance was 1,016,420, with an average of 21,175 per game. The final at the Melbourne Cricket Ground had a crowd of 93,01 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Castlemaine Tooheys Ltd V South Australia
''Castlemaine Tooheys Ltd v South Australia'',. is a High Court of Australia case that deals with whether a particular Act of South Australia contravenes Section 92 of the Constitution of Australia, which is about the freedom of interstate trade. Background The Beverage Container Act 1975 (SA) required a mandatory deposit of 5 cents per bottle, which would be refunded when they were returned; refillable bottles were exempt from this deposit. A later amendment, the Beverage Container Act Amendment Act 1986 (SA) subjected non-refillable bottles to a refund of 15 cents and refillable bottles to a refund of 4 cents. Furthermore, the refund for non-refillable bottles was to be implemented by retailers, instead of a collection depot. The Bond brewing companies brewed beer, most notably from the Tooheys Brewery, outside of South Australia, and they used non-refillable bottles as opposed to their South Australian counterparts. Although a 5 cent deposit would not have disadvantaged ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Section 92 Of The Constitution Of Australia
Section 92 of the Constitution of Australia, Trade within the Commonwealth to be free. as far as is still relevant today is: This provision has been the cornerstone of significant Australian constitutional jurisprudence, which has also been quite complex. As the High Court of Australia observed in ''Cole v Whitfield'': 20. The creation of a limitation where none was expressed and where no words of limitation were acceptable was a task which, having regard to the diverse and changing nature of inter-State trade, commerce and intercourse, was likely to produce a variety of propositions. And so it has. Sir Robert Garran contemplated that a student of the first fifty years of case law on s.92 might understandably "close( ) his notebook, sell( )his law books, and resolve( ) to take up some easy study, like nuclear physics or higher mathematics." ... Some thirty years on, the student who is confronted with the heightened confusion arising from the additional case law ending with ''M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betfair Pty Limited V Racing New South Wales
Betfair is a British gambling company which operates the world's largest online betting exchange. Its product offering also includes sports betting, online casino, online poker, and online bingo. Founded in 2000, the business is split into two divisions, UK and International. UK operations are conducted from its headquarters in Hammersmith in Greater London, while its International business operates from its overseas hubs in Malta and Ceuta, Spain. In February 2016, Betfair merged with Paddy Power to create Flutter Entertainment. History The company was founded in June 2000, by Andrew Black and Edward Wray. Softbank purchased 23% of Betfair in early April 2006, valuing the company at £1.5 billion. In December 2006, Betfair completed the purchase of the horseracing publishing company Timeform (which traded under the name Portway Press Ltd). Betfair was the first betting company to sponsor an English football team, featuring on the kit of Fulham in the 2002–03 season befo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Court Of Australia
The High Court of Australia is Australia's apex court. It exercises Original jurisdiction, original and appellate jurisdiction on matters specified within Constitution of Australia, Australia's Constitution. The High Court was established following passage of the ''Judiciary Act 1903''. It derives its authority from Chapter III of the Australian Constitution, which vests it responsibility for the judiciary, judicial power of the Commonwealth. Important legal instruments pertaining to the High Court include the ''Judiciary Act 1903'' and the ''High Court of Australia Act 1979''.. Its bench is composed of seven justices, including a Chief Justice of Australia, Chief Justice, currently Susan Kiefel. Justices of the High Court are appointed by the Governor-General of Australia, Governor-General on the Advice (constitutional law), advice of the Prime Minister of Australia, Prime Minister and are appointed permanently until their mandatory retirement at age 70, unless they retire ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crown Resorts
Crown Resorts Limited is Australia's largest gaming and entertainment group that owns and operates two of Australia's leading gambling and entertainment complexes, Crown Melbourne and Crown Perth. It was listed on the Australian Securities Exchange until purchased by Blackstone in June 2022. History The company was established in 2007 when Publishing & Broadcasting Limited (PBL) divested its gambling assets to Crown Limited. PBL was renamed Consolidated Media Holdings, retaining all of the remaining assets. In December 2007, Australian gambling company Crown Limited agreed to buy CCR for $1.75 billion. The agreement was ended in March 2009, however, with Crown instead buying a 24.5 percent stake in the company for $370 million, and paying a $50 million termination fee. In 2008, Crown attempted to enter the Las Vegas gambling market by acquiring a 19.6 per cent stake in Fontainebleau Resorts for US$250 million, which resulted in a total loss the following year when other inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Betfair Pty Limited V Western Australia
''Betfair Pty Limited v Western Australia''. determined that a series of amendments made by the Western Australian government to prohibit the operation of betting exchanges,. amounted to discriminatory burdens of a protectionist kind. Background The first plaintiff, Betfair Pty Ltd, operated a national betting exchange licensed in Tasmania and operated legally under Tasmanian law. Betfair’s exchange operated similarly to that of typical betting exchanges: Betfair would match the wagers of ‘registered players’ betting on opposing outcomes of sporting events either by telephone or through an online exchange, and then take a commission of the winner’s payout. The amended Act placed three restrictions on the plaintiffs. Firstly, under the newly inserted s 27B(1) it would be illegal for Betfair, the first plaintiff (the ‘out-of-state supply’), to operate a betting exchange in Western Australia. Secondly, under the newly inserted s 24(1)aa of the Act, it would be ille ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
