Tom Waterhouse calls for Australian racing to ditch turnover tax

Former William Hill Australia CEO suggests an NBA-style turnaround for racing to reverse its financial fortunes

Former William Hill Australia CEO Tom Waterhouse has urged Australian authorities to ditch the turnover tax in favour of a gross profits tax to save horseracing from a “looming crisis”. The bookmaker-turned-tipster took to Twitter to publish a three-step turnaround plan for the sport, which also included a significant increase in marketing and the introduction…

Australia | Horseracing | Regulation | Tom Waterhouse | Turnover Tax