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THE COMPLICATED STATE OF AUSTRALIAN ONLINE GAMBLING
Wednesday, October 26, 2011 : With a review of the Interactive Gambling Act taking place, operators are hoping for some changes.
Australian operators are hoping for a more logical approach to online gambling as the government studies a review of the Interactive Gambling Act, reports WA Today.
The newspaper points out that overseas internet sports betting companies are now playing a growing role in the Australian market, naming Sportingbet’s takeover of Centrebet; Paddy Power’s acquisition of Sportsbet; and the Betfair fifty percent joint venture with a top Aussie land gaming group.
All of these companies offer ''in-the-run'', ''push button'' or ''live'' wagering, a method of betting that WA Today predicts will grow.
Aussie regulations can be confusing: In-the-run betting on horse racing is allowed in Australia online, via phone and at retail outlets, such as TABs, under the Interactive Gambling Act.
Tabcorp offers it only on the Melbourne Cup.
''Live betting on racing is difficult in Australia because the majority of our races are sprint races and over in 60 to 90 seconds,'' says Tabcorp's general manager of corporate affairs, Nicholas Tzaferis.
''That does not make it conducive to live betting, unlike an AFL or NRL game, which plays out over 80-plus minutes.''
But the Interactive Gambling Act bars internet in-the-run betting on AFL (Australian Football League), NRL (National Rugby League) and all sports other than racing.
It's permitted only by phone, or at retail outlets, or to overseas gamblers.
WA Today rightly opines: “Allowing phone use is an anachronism and the concession to overseas punters is an anomaly, considering the foreign ownership of Australian betting institutions, including Tabcorp, where the majority of its top 20 shareholders are offshore, principally Hong Kong and the US.
“The Act is under review and it's a fair bet it will be amended to allow internet betting, despite the risk of an increase in gambling.”
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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