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XENOPHON RENEWS CALL FOR GAMBLING CRACKDOWN

Posted 5/25/11 :

Australian Senator attacks sports betting fraternity
 
South Australian Senator Nick Xenophon plans on better regulating online sportsbetting in Australia with the release for comment of a draft bill within the next week.
 
The bill will reportedly cover the following areas:
 
-  Restrict advertising of betting venues and online gambling sites on commercial and subscription radio and television during all G-rated programming and sporting programs.
 
-  Prohibit commentators from quoting betting odds where a commercial arrangement exists between them/the program/the network and the betting agency.
 
-  Prohibit operators from offering spot betting, exotic bets and in-play betting (where you bet on particular sporting encounters - anything from the exact timing of the first throw-in during a football match to whether the first ball of a cricket match will be a wide or a no-ball, etc.)
 
-  Prohibit operators from offering bets to be placed on losing outcomes.
 
-  Possible amendments to address the topic of match-fixing in terms of investigative powers and penalties.
 
Xenophon who believes a Federal approach to regulating sports betting is the best option, drew angry response from the AFL's, Andrew Demetriou after he commented that the Leagues approach to sports betting is "narrow-minded and blinkered" because of the revenues generated by commercial arrangements made with betting agencies.
 
Demetriou responded by saying: "We're open to sharing all the information, as we're doing with the Federal Government. We started this process long before there was this 'betting explosion' in our game.
 
Over the last three years we've invested heavily in widening our investigative powers, putting on people - we've recently hired a fellow called Abraham Haddad, an investigator from the UN - who have extensive powers to investigate under our rules."
 
A senior lecturer at Central Queensland University, Doctor Matthew Rockloff, said: "The problem with having gambling on events that are not determined by a random process is there is always the possibility for collusion or corruption of that event."

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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