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Betfair in Oz

Betfair wins first Australian licence
SMH.com

Australia's first internet betting exchange will open for business next month. Betfair was granted a licence on Monday by the Tasmanian Gaming Commission. The announcement follows state government approval in November for the joint venture between UK-based Betfair and the Packer family's Publishing and Broadcasting Limited (PBL). PBL executive chairman James Packer said in a statement the licence was a significant step forward for the wagering industry.

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