Betfair Wins Australian License As reported by the Australia Age: "Australia's first internet betting exchange will open for business next month but much of the racing industry is already betting it will lose. "Betfair - a wagering facility that allows members to back losers - was granted a licence on Monday by the Tasmanian Gaming Commission. "The announcement follows state government approval in November for the joint venture between UK-based Betfair and the Packer family's Publishing and Broadcasting Limited (PBL). "PBL executive chairman James Packer said in a statement the licence was a significant step forward for the wagering industry…" | 
