Well, well, well.

Fairfax media are reporting:

The deal was presented as another win for billionaire deal maker James Packer, with his online gambling business CrownBet breaking into the lucrative NSW betting market through a “digital partnership” with the state’s 1200 registered clubs.

But questions have now emerged around the process that ended with ClubsNSW choosing CrownBet over bitter rivals Tabcorp – the traditional betting provider in clubs – Sportsbet and Betting.club.

The focus of industry concern is former AFL supremo Andrew Demetriou, whose sports and marketing company Beyond Boundaries Group ran the tender process on behalf of ClubsNSW.

Mr Demetriou is also a board member of both CrownBet and Mr Packer’s flagship company Crown Resorts, which owns 62 per cent of CrownBet.

A source familiar with one of the other two losing bids said: “There is no way this would pass the pub test”.

“The optics aren’t great: a firm run by Andrew Demetriou awards deal to company he is a board member of.”

Not a good look at all.

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26 Responses to Well, well, well.

  1. sabena

    There seems little doubt that Demetriou is a fiduciary in the circumstances so any non disclosure of the conflict of interest may see him relieved of his entitlement to remuneration and compensation if the TABCORP bid was superior.

  2. LGS

    Andrew Demetriou; another of these chardonnay socialists.
    Despise the lot of them!

  3. H B Bear

    One thing Paker learned from his old man was the value of having plenty of people in your back pocket. No doubt Big Law and Big Accounting will sign off on the probity of the deal in the Australian way.

  4. thefrolickingmole

    Demetrifilth corrupt… well i never…

  5. Empire GTHO Phase III

    What a beat up!

    The Demigod is a cnut, but what we are looking at here is a legitimate deal won on relationship. Who knows, maybe value too.

    There is no such thing as the fairness fairy.

  6. Pat Warnock

    WELL,WELL. WELL INDEED.

  7. Recent Historian

    Cant have happened – Page 26 of ClubsNSW Code of Practice

    http://www.clubsnsw.com.au/docs/default-source/default-document-library/code-of-practice-updated-2014011FD9034C4B.pdf?sfvrsn=0

    Selection of Third Parties
    In most cases Clubs will need the expertise
    of a number of outside specialist organisations ….
    Non price selection criteria typically include:
    ..
    No conflicts of interest with Board and management;

  8. ACTOldFart

    But isn’t this just the free, untrammelled operation of the market, with minimal government interference, that cats are so devoted to? (Playing Devil’s advocate here)

  9. Suburban Boy

    ACTOldFart: Free, untrammelled operation of the market assumes that the participants act wholly within the law. If you want to argue that the Big Hairy Wog didn’t breach any laws in this affair, knock yourself out.

  10. Mother Lode

    The deal was presented as another win for billionaire deal maker James Packer

    Another?

  11. jumpnmcar

    Stephen Conroy is yet to explain the roll he played in the deal.

  12. Robbo

    Demetriou would not give a stuff how dodgy this deal looks. He’s been up to his greasy armpits in dodgy deals for decades and in his nasty little world that is how things get done and how he gets wealthier. He’s a grub.

  13. mundi

    I don’t get it. Why should we care what private deals are being made? If they weren’t the best and over paid, they will get out competed eventually, so long as government get don’t prop them up and protect them.

  14. Entropy

    This isn’t a conflict of interest. It’s a convergence of interest.

  15. Habib

    Demetriou is also a shameless leftist, ALP fanboy, and generally of complete loathsomeness. Odd how the only rampant, rapacious capitalists these days are all sleazy pinkos. Any just society would feed such creatures into a woodchipper, not further enrich them and allow them to broadcast their cretinous sanctimony.

  16. Ian of Perth

    And we’re surprised?

  17. mizaris

    Fat Andy’s snout deeeeep into the trough. Whoooda thort!!!!

  18. john constantine

    Their crony socialism is just how it works in australia.

    Since packer went full left and handed out all the good jobs to the Stalin worshipping sorts, how much trouble has he had with their abc?.

    Their abc and fairfilth luv pokie machines in the casino now.

  19. Snoopy

    Forget it Sinc, it’s Sydney town.

  20. Robber Baron

    Cats are just waking up to how very corrupt Australia really is. I’ve lived abroad for a very long time and I’ve always thought that Australia was every bit as corrupt as the notorious Asian countries.

  21. Zyconoclast

    Cats are just waking up to how very corrupt Australia really is. I’ve lived abroad for a very long time and I’ve always thought that Australia was every bit as corrupt as the notorious Asian countries.

    Australia is an incestious cess pit.

    Former reserve bank bloke get hired to help nsw with housing affordability shortly after leaving his last job.

    Former head of ABC gets hired by NSW Education

    An endless list of ex premiers/pollies getting stints as ambassadors, then rehired by other premiers as advisors, panel heads etc

    Look at who is married/partnered to in business, unions, politics, big law, super and lobbyists etc.

    I’m sure I’m not the only one to have noticed this.
    It’s a giant elitist boys and girls club at the expense of tax paying minions.

    Australia is as corrupt as it gets, but most of the plebs don’t care or notice.

    Once the standard of living drops and the welfare gravy train becomes the gravy smear, people will begin to notice but by then it will be too little too late.

  22. Up The Workers!

    That’s something ELSE he has brought into disrepute.

    Quick! Get those Sherlocks from W.A.D.A. and A.S.A.D.A. to investigate.

    They’ll fix it – SURELY!

  23. Jannie

    Once the standard of living drops and the welfare gravy train becomes the gravy smear, people will begin to notice but by then it will be too little too late.

    I have a suspicion it’s already happening, bearing in mind some part of current consumption is being paid for by other people’s grandchildren’s money.

  24. H B Bear

    The deal was presented as another win for billionaire deal maker James Packer
    Another?

    Yep. When your Sydney political maaaaaaates give you a new harbourside site and another licence to bend over Chinese tourists I’d call that a win.

  25. nfw

    I don’t understand the problem. Is this not the way “business” is done in Australia?

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