Forming in 1948, the NSW Bookmakers’ Co-Operative Society Ltd was initially a representative body for Sydney based bookmakers. Through a number of amalgamations with similar associations and societies throughout NSW over the following 30 years, the ‘Co-Op’ (as it is now generally known) has evolved to become the sole industry body representing nearly all on course operators throughout the state (and ACT). At its peak in 1984 the Co-Op was responsible for providing financial guarantees for almost 800 on course bookmakers, thereby protecting punters at all courses from the risk of defaults when collecting a winning bet. Outside of this and other administrative roles, the CoOp performs the vital element of ensuring that on-course bookmaking remains an integral and viable part of the NSW Racing Industry and that the regulatory and business related arrangements for its members are conducive to this objective. Comprised of an elected board of directors, with representatives from both city and country regions, the Co-Op is affiliated with the Australian Bookmakers Association with whom they also work closely in co-operation with the other States’ bookmaking associations on matters of national impact. NSW BOOKMAKERS’ CO-OPERATIVE
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