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Research by Macquarie Wealth Management predicted the new taxes would wipe out nearly every one of the revenue of the company bookmakers, who choose bets by way of their Sites, apps and connect with centres only, apart from Paddy Electric power Betfair-owned Sportsbet.
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But the company bookmakers' agent group, Responsible Wagering Australia, stated the introduction of the new taxes in Queensland and NSW would allow it to be complicated for its users to provider consumers in Those people states.
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Within a Observe to clients, Macquarie explained The brand new taxes could Value the company bookies around $195 million and signify the likes of CrownBet, Ladbrokes and Bet365 would battle to break even.
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