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AUSSIES TIGHTEN UP ON BETTING INDUCEMENTS
Four gambling companies face the wrath of Victoria Commission for Gambling Regulation
It appears that the Australian territory of Victoria is tightening up on gambling companies that offer inducements to punters to bet, with charges laid against four companies and the possibility of more to follow.
The Age newspaper reports that Tabcorp subsidiary Luxbet found itself in hot water for offering illegal rewards to punters as an inducement to bet on the 2010 Australian Open tennis championships. The company admitted guilt, and was alleged to have offered prospective clients ''more favourable odds'' on Roger Federer and Serena Williams winning the singles titles.
The newspaper notes that the Luxbet prosecution is the first under new laws, but that similar charges have been laid against Sportsbet, International All Sports and Eskander's Betstar.
In the Luxbet case - the first of the four to come to court - prosecutor Alex Fitzpatrick told Melbourne magistrate Elizabeth Lambden that new Luxbet customers were required to open an account with a minimum of A$100 and to place up to A$50 in order to receive ''bonus'' winnings.
The Tabcorp/Luxbet legal representative emphasised that group advertising was carefully and legally vetted, but that after hearing nothing back from the commission over a similar advertising issue, the group had mistakenly assumed its promotion was in compliance with regulations.
''They [the Commission] now take a different view of interpreting the regulations,'' he said, asking the court to accept that the breach had not been deliberate, and that in the interest of avoiding a confrontation Luxbet had entered a guilty plea. He suggested that the court punishment consist of an order on Luxbet tomake a contribution to charity.
The magistrate imposed a 12-month undertaking, without conviction, to be of good behaviour and ordered Luxbet to make a A$1 200 donation and pay costs.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
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EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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