16-04-2007 Capital Play bids $1.8 billion for New York's three main racetracks

The bookmaker licensed in the Australian Capital Territory guarantees $500 million in track investments, $200 million for video lotteries terminals, $110 million to pay off the pension liabilities and annual lease payments of $50million to take over management of Aqueduct, Belmont Park and Saratoga horseracing tracks for the next 20 years. Capital Play is the developer of the Global Betting Gateway, an interface that allows gamblers to bet into some of the world's largest pari-mutuel wagering pools.

Elsewhere, Tattersall's continues with its diversification away from Victoria with the acquisition of Queensland lottery operator Golden Casket. "In the gambling sector you don't want to be too dependant upon a particular jurisdiction so we're building a nice geographic spread, operating in a number of different jurisdictions," commented Tattersall's CEO Dick McIlwain.