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AUSSIE CLAMPDOWN ON INTERNET GAMBLING
Sunday November 13, 2011 : AUSSIE CLAMPDOWN ON INTERNET GAMBLING FINANCIAL TRANSACTIONS 'UNWORKABLE'
Banker's Association warns gambling reform committee
The Australian Banker's Association has joined the many Australian experts and trade associations making submissions to the federal government review on gambling reform, opining that any attempt to use the national payments system to clamp down on internet gambling would be unworkable.
The banks and credit card giant Visa say they are worried that trying to block financial transactions made to internet gambling websites could also interfere with online shopping, reported the Sydney Morning Herald over the weekend.
The chief executive of the Australian Bankers' Association, Steven Munchenberg, warned the joint select committee on gambling reform that trying to restrict financial transactions was ''not straightforward''.
The parliamentary committee is investigating the impact of a measure introduced by independent Senator Nick Xenophon that seeks to restrict financial transactions on prohibited internet gambling sites.
''[If] Australia was identified as a jurisdiction where payment obligations may not be fulfilled in a certain and timely manner, it is possible that merchants and online service providers will refuse to accept business and payments from customers designated as originating from Australia,'' Munchenberg said.
''This would have a significant impact on the contestability of Australian businesses as well as the ability for Australian consumers to purchase online goods and services.''
Representatives from Visa additionally argued that blocking technology was unworkable.
The committee heard evidence that Australians can easily reach 92 percent of the estimated 2,443 online gambling sites available on the internet, even though the Interactive Gambling Act banned local internet gambling sites from accepting money from Australian residents.
Despite the restrictions, it is estimated that Australians spent more than $968 million last year on offshore online casino, poker and bingo sites.
The committee, which is headed by independent member of parliament Andrew Wilkie, is scheduled to release its report to the federal government at the end of November.
Professor Alex Blaszczynski, a member of the government's advisory council on gambling, told the committee in his written submission that the IGA was in need of reform and updating.
''Australians can easily access offshore internet gambling sites, and have little recourse if they lose their money or experience unscrupulous treatment,'' Professor Blaszczynski pointed out.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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