Proposed fee hikes of up to 600 per cent from approved wholesalers for the cost of selling racing data to bookmakers have been scrapped in a move that wagering industry insiders claim will save some small-turnover operators from going out of business.
The Straight has learned wholesalers have backed down from implementing such a steep increase, with bookmakers confirming any new additional charges “will now be relatively minor”.
The decision will provide smaller online bookmakers with some financial breathing space amid ongoing race fields fees, point of consumption taxes and a potential rise in charges for trading on AFL matches.
“A good result for bookmakers - a welcome relief, especially for smaller bookmakers who have been struggling to stay viable during a wagering downturn,” a source familiar with the situation told The Straight.
It comes as Racing Australia confirmed it had withdrawn from its role as a wholesaler of industry data.
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