mainly due to the rise in off-course corporate bookmakers and on-course punters migrating from tote products to fixed odds betting and also the use of mobile devices to make wagers.
Attendance at the race tracks amounted to 153,476 last year with 50 race meetings at Ascot and 38 at Belmont. Total revenue for the club was $76.2m last year.
Te racing sector is governed by the Racing Control Act 1954 and the Racing Bets Levy Act 2009. In July last year changes to the Racing Bets Levy Regulations came into effect and brought in new levy rates. Tere are 28 active bookmaker licences.
Meanwhile in WA there are plans to privatise the state owned WA TAB betting agency and Paddy Power Betfair is said to be one of three main bidders for the licence which also could include TabCorp and BetEasy.
Tere is a rumoured price tag of $500m and it is thought TabCorp is the mostly logical contender as it is operational in all states except WA. With no keno or pokies in the state, wagering is the main gambling option.
Tere are some 89 TAB retailers in WA at the moment which are mostly 50 per cent owned by two different owners (120 small business owners) who have a licence from the RWWA to operate the agencies. Te agencies were sold off by TAB WA in the 1980s in a scheme similar to a franchise system.
l EGMs – there are no EGMs or Keno permitted
in WA except in the casino. l
Casino – Tere is just one casino in WA. Te
Crown Perth opened in 1985 and is Western Australia’s premier integrated resort with gaming and conference facilities. Te resort has three hotels including the newly opened Crown
Towers with 500 rooms, Crown Metropol with 397 rooms and Crown Promenade with 291 rooms.
Tere are also spa, pools, restaurant and bars facilities and a 2,300 seat theatre. Te casino has approval for 2,500 EGMs and 350 gaming tables. Te casino saw about 7.9 million visitors last year.
Crown Perth revenues last year were $844.5m, up 1.7 per cent with the main gaming floor down 2.1 per cent, VIP program play down 5.8 per cent and non gaming up 12.5 per cent mainly due to a full year impact of Crown Towers which opened at the end of 2016. EBITDA was $248.8m.
Te Western Australian Turf Club, now operating as Perth Racing, was founded in 1852 and manages
two tracks – Ascot Racecourse and Belmont Park and is Western Australia’s only metropolitan
thoroughbred club and hosts a total of around 90 meetings per season.
NEWSWIRE / INTERACTIVE / MARKET DATA P171
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