Ladbrokes shifts to Northern Territory

Ladbrokes Australia is the latest bookmaker to shift its regulatory home to the Northern Territory, local media reports.

This week, the corporate bookmaker sent emails to its customers informing them that would now operate under a license issued by the Northern Territory Racing Commission (NTRC).

Betfair made a similar move earlier this month, after the Northern Territory Parliament amended legislation to allow for betting exchanges in April.

Ladbrokes up until this point has been operating under a license by the Norfolk Island Gaming Authority (NIGA), which was stripped of its licensing powers in April.

A source from Ladbrokes Australia reportedly told eGaming Review that the uncertainty of NIGA’s future played a major role in its decision.