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Macquarie predicted Sportsbet's EBIT would slump from $141 million to $79 million, but admitted its modelling was somewhat "an not likely result provided that the price may very well be partially passed on to consumers by way of minimized advertising and marketing [and] promotions and/or lifting yields".
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"There will ... be serious and very long-lasting results for punters and also the racing field in NSW to be a consequence of the excessively higher tax amount," RWA govt director Stephen Conroy said.
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