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What could possibly go wrong?

some11

Referee
Messages
24,512
In other words, shares in the wagering operator cannot be used as an enticement to sign players.

Lmao. If they are getting early access to shares before going public then that is absolutely an enticement. Insiders get shares at a much lower price than retail investors.
 
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Perth Red

Post Whore
Messages
75,594
I’d be surprised if there isnt a number of other clubs directors who have close investment ties with players of their club.
Of more concern is that it’s a betting agency that will be taking bets on games players are involved in.
 

betcats

Referee
Messages
24,726
It’s not a good look but there are other listed gambling companies that players can invest in if they want. The real issue is for the nrl is are the players paying a fair amount for there shares, this new company isn’t yet up and running or listed so any investments will not be as transparent as buying shares of any asx listed company. A betting company with news corp as a partner is likely to grow in value and the chance to be an early investor is not available to the general public right now, so it could easily be used as an enticement for players at the storm.
 

Munky

Coach
Messages
14,546
I would have thought betting agencies would be on a list of not allowed direct investments from NRL and club employees.

Similar to professional service firms.
 
Messages
11,366
'Gamble responsibly'.

This is a joke for a number of reasons.
In other words, shares in the wagering operator cannot be used as an enticement to sign players.

Lmao. If they are getting early access to shares before going public then that is absolutely an enticement. Insiders get shares at a much lower price than retail investors.
This is one.

Meanwhile, the NRL watches on as players like Munster, Laurie, Steve Price was another high-profile one in the past etc struggle with gambling problems, yet they are more than happy to jump into bed with these outfits for financial gain. And you'll hear them say the right things when they have to, about how they're providing support for the players in what to do/not to do, yet it's all rammed down their throat with the companies etched into their jerseys and all over sponsorship deals everywhere.

Let's just go back to the days of the Winfield Cup, XXXX as major sponsors etc and put everything back on the table if we're going to be this comfortable with an industry like online betting.
 

Perth Red

Post Whore
Messages
75,594
'Gamble responsibly'.

This is a joke for a number of reasons.

This is one.

Meanwhile, the NRL watches on as players like Munster, Laurie, Steve Price was another high-profile one in the past etc struggle with gambling problems, yet they are more than happy to jump into bed with these outfits for financial gain. And you'll hear them say the right things when they have to, about how they're providing support for the players in what to do/not to do, yet it's all rammed down their throat with the companies etched into their jerseys and all over sponsorship deals everywhere.

Let's just go back to the days of the Winfield Cup, XXXX as major sponsors etc and put everything back on the table if we're going to be this comfortable with an industry like online betting.
nrl only has three main revenue sources. Tv, events and gambling. They put one of the main gambling men in the country in charge of the game, what do you expect?

 

Perth Red

Post Whore
Messages
75,594
V’landys, who runs Racing NSW when not at work running rugby league, is not just a supporter of gambling. He is an evangelical. Gambling is not, in his view, a necessary evil that accompanies sport but a welcome and enjoyable part of it.

Millions share that view and have fun gambling responsibly (which means not losing quite enough of your money, over the long term, to get into serious trouble).
V’landys sees gambling as the financial underpinning that makes big sport sustainable, and therefore new gamblers must be recruited.

At racing functions, like Father Christmas he hands out betting vouchers to young adults newly exposed to the sport. If it works – that is, if those young adults enjoy the experience so much they come back and start losing their own money – it meets the management’s financial goals.
This neat circularity has created the racing industry. Your betting habit, as long as you are a net loser, pays for the spectacle. But league is not racing, and until it recognises the difference it will keep generating dollars to pour into a hole of its own making.

This week, the ARLC announced a proposed expansion of its gambling activities into the United States. Online betting apps were only legalised in New York in January 2022, and they already have one million users. More than 100 million people gambled on last month’s Super Bowl.
“I think it has the potential to be one of the really big new revenue generators for the game,” V’landys was reported as saying. “I think if done right they will love the game, and we can also look at doing it in conjunction with taking a game to the United States. We want to get it right and it has to be done intelligently alongside our vision. Basketball is the No.1 sports-betting product in Australia because it has so many exotic bets. We’re hoping we can start some time this year, and we’ve got a number of partners we’re talking to.”

Increased gambling revenue helped the ARLC make a $43 million surplus last year. Put another way, the league-watching population’s expenditure shifted from buying boots and mouthguards and registering for clubs to losing on bets. League’s response? Find new populations to tax.

 

simmo05

Bench
Messages
4,487
And Laurie Daly was banned from being the tigers halves coach because he read out odds on fox. No bias in the nrl at all
 

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