Online betting operator Betfair Australia says it’s shifting its down under business from Tasmania to the Northern Territory.

This spring, Northern Territory politicians approved legislation allowing its online gambling licensees to offer exchange betting. Gaming Minister Peter Styles made no bones about his intention to “lure” Betfair from its existing licensing jurisdiction of Tasmania.

On Friday, The Mercury confirmed that Betfair had signed a new licensing agreement with the Northern Territory Racing Commission, the licensee of choice for the majority of Australia’s online betting operators. The new relationship will formally commence as of Sept. 20.

Despite the licensing shift, a Betfair spokesperson said its Glenorchy office “remains the backbone of our operations, and that’s why we will be maintaining jobs in Tasmania.” The spokesperson didn’t indicate how many of the 50 staff working at the Glenorchy office would be retained.