But the company and its primarily foreign-owned company bookmaker friends could see their revenue in Australia nearly worn out by betting issue-of-intake taxes announced in each individual point out and territory.
Macquarie predicted Sportsbet's EBIT would slump from $141 million to $79 million, but admitted its modelling was fairly "an unlikely outcome provided that the fee may be partially passed on to individuals via diminished marketing [and] promotions and/or lifting yields".
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"There will ... be critical and long-Long lasting consequences for punters as well as the racing marketplace in NSW as a consequence of the excessively superior tax amount," RWA government director Stephen Conroy said.
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