{"id":580,"date":"2018-11-16T05:02:58","date_gmt":"2018-11-16T05:02:58","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=580"},"modified":"2018-11-16T05:02:58","modified_gmt":"2018-11-16T05:02:58","slug":"no-opposition-to-punters-acquisition-of-racenet","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2018\/11\/16\/no-opposition-to-punters-acquisition-of-racenet\/","title":{"rendered":"No opposition to Punters\u2019 acquisition of Racenet"},"content":{"rendered":"<p>The ACCC has decided not to oppose the proposed acquisition of Racing Internet Services Pty Ltd (Racenet) by Punters Paradise Pty Limited (Punters), a subsidiary of News Corp Australia Investments Pty Ltd.<br \/>\nPunters and Racenet are digital platforms that provide racing news and information to consumers through their websites, mobile apps and social media channels.<br \/>\nThe parties also earn revenue for referring new customers to corporate bookmakers, by acting as betting affiliates.<br \/>\n\u201cThe ACCC found that there are numerous alternative sources of online racing news and information for consumers other than Punters and Racenet,\u201d ACCC Commissioner Roger Featherston said.<br \/>\nThe ACCC also found betting-affiliate services are just one of a number of channels used by corporate bookmakers to acquire new customers.<br \/>\nAs a result, the ACCC concluded that it was unlikely that the proposed acquisition would result in a substantial lessening of competition in any market.<br \/>\nFurther information is available at\u00a0<a href=\"https:\/\/www.accc.gov.au\/public-registers\/mergers-registers\/public-informal-merger-reviews\/news-corp-proposed-acquisition-of-racing-internet-services-pty-ltd-racenet\">News Corp &#8211; proposed acquisition of Racing Internet Services Pty Ltd (Racenet).<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ACCC has decided not to oppose the proposed acquisition of Racing Internet Services Pty Ltd (Racenet) by Punters Paradise Pty Limited (Punters), a subsidiary of News Corp Australia Investments Pty Ltd. Punters and Racenet are digital platforms that provide racing news and information to consumers through their websites, mobile apps and social media channels. &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2018\/11\/16\/no-opposition-to-punters-acquisition-of-racenet\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;No opposition to Punters\u2019 acquisition of Racenet&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-580","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=580"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/580\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=580"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}