BUSINESS

Aussie Lawmakers Considering Online Gambling Revenue To Support Horseracing

TAGs: Australia Horse Racing, Online Gambling revenue

internetcafeYou can’t keep tapping the well or it will run dry, that’s what online gambling operators are trying to tell the Australian Lawmakers. The fledgling horseracing industry needs revenue, but it can’t just keep coming from online gambling, the situation is getting ridiculous, Tabcorp ended up paying $600 million in taxes, what’s worse is the company’s net profit was only $500 million, something has got to give, or should I say someone else has got to start giving over there. Read more.

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