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 OZschwitz: Draconian legislation destroying bookmaking

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RR Phantom

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OZschwitz: Draconian legislation destroying bookmaking Vide
PostSubject: OZschwitz: Draconian legislation destroying bookmaking   OZschwitz: Draconian legislation destroying bookmaking Icon_minitimeFri Feb 19, 2010 1:36 am
AUSTRALIA'S biggest bookmaker, Con Kafataris, is abandoning the Sydney betting ring with the on-course wagering market in free fall and the future of other bagmen in doubt.

''I was averaging turnover between $2 million and $3 million on a Saturday but I'm now lucky to hold $750,000,'' Mr Kafataris told the Herald yesterday.

The millionaire bookie blames ''draconian'' legislation for the decline. He and other bookmakers have lobbied the state government to allow round-the-clock betting, internet access for clients and other betting options available to interstate rivals.

''It is like I'm running a fruit shop and I'm only allowed to sell apples and the shop next store sells apples, oranges, mangoes, grapes, the whole lot,'' he said. ''How can I compete?''

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