That is not what I said. Please reread my comments.
My comments were in response to your "the global tote is already running in Australia with a licence" statement which I construed to mean that the GT had a licence in Australia.
The deal GT has with TB is as an "odds service". That does not imply, nor does it state, that GT is a tote in Australia.
HY report Review of Operations extract:
There is no statement to indicate that a pari-mutuel service is being operated.
HY Report Note 2 extract:
This would indicate that the only "cashflows" going through the Alderney licenced GT come from TB as they are the only ones with an "agreement" in Australia to use the "Odds Service".
Am I reading this right?
That is not what I said. Please reread my comments. My comments...
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