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Sweeping Victorian Bookmaker Reforms Proposed
Victoria's Deputy Premier & Minister for Racing, Rob Hulls, yesterday announced sweeping reforms for Victoria's bookmakers. According to Hulls, the State's bookies "will be able to conduct internet and telephone betting 24/7 from approved racecourses under significant changes to the regulatory framework." Hulls stated that Victoria's Cabinet had approved the preparation of amending legislation which would enhance the competitiveness of Victorian bookmakers in an increasingly competitive national market, noting: "The bookmaking profession faces a number of challenges in its efforts to ensure its viability, and we need to ensure they have the necessary tools to compete in the current bookmaking environment." In essence, the proposed reforms will:
- Allow Victorian bookmakers to conduct internet and telephone betting at any time from approved racecourse locations;
- Transfer responsibility for the registration of bookmakers to the Victorian Commission for Gambling Regulation; and
- Permit corporations to be registered as bookmakers.