The Australian Competition and Consumer Commission proposes to grant authorisation to Racing and Wagering Western Australia (RWWA) for an agreement to acquire fixed odds management services from Sportingbet Australia Pty Ltd.
RWWA is the sole licensed pari-mutuel wagering operator in Western Australia and also provides fixed odds wagering products. Sportingbet is an online and telephone wagering service provider.
Under the agreement Sportingbet will provide RWWA with risk management information and will manage RWWA’s fixed odds books.
“The ACCC considers that enabling RWWA to acquire fixed odds management services from Sportingbet will allow RWWA to provide a greater range of wagering services and improve efficiency,” ACCC Deputy Chair Dr Michael Schaper said.
“Numerous betting exchanges and corporate bookmakers in Australia and overseas, competing with RWWA and Sportingbet for wagering customers, are likely to continue to drive pricing in the industry. RWWA and Sportingbet will also remain free to set their prices independently.”
The ACCC has issued a draft determination proposing to authorise the agreement for five years.
Authorisation provides statutory protection from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act 2010. Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.
More information about the application for authorisation, including a copy of the ACCC's draft determination and public submissions, will be available at www.accc.gov.au/AuthorisationsRegister/