Racing’s $100m bribe
As Parliament mulls granting an online sports betting monopoly to UK-listed Entain, the costs as well as the benefits are becoming more apparent.
Online sports betting is a growing market.
If there was ever a fig leaf on the naked payoff in Entain’s bid for monopoly rights to the local online sports betting market, it has surely now been shrivelled to transparency.
It’s a simple deal – procure the monopoly for Entain and $100 million is handed over.
No monopoly, no $100m.
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