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Betfair Australia caves to Jockey Club demands and pulls exchange on Hong Kong racing


Wandering Eyes

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Betfair Australia has announced it will no longer host markets on Hong Kong racing.In a surprise move, the wagering company has backed down after the Jockey Club sent an open letter earlier this month demanding it cease and desist from operating on its product.Betfair is hoping by withdrawing its markets it will be able to reach an agreement with the Jockey Club and enter into a “product fee and integrity agreement”.“We listened to you and we launched Hong Kong racing on the exchange, but…

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