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Betfair Advises Aussie Government Legalise Online Gambling

The Australian branch of online gambling group Betfair is championing the cause of Internet gambling Downunder, recommending to a government committee studying gambling reform that legalising and regulating Internet casino and poker gambling would be a good bet.
 
The government's Productivity Commission is in the first phase of a government consultation process to study gambling reform, and has to date received over 200 submissions from interested parties other than Betfair. In the next phase, public hearings are scheduled for September, eventually leading to the Commission's full report to the federal government in November 2009.

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Many submissions made to the Commission thus far have called for changes to the Interactive Gambling Act 2001, among them Betfair's suggestions which include opening up online casino games and poker, and more player-sensitive rules that will permit in-running bets. Betfair claims that current bans are not practically enforceable and merely drive Australians offshore in the pursuit of their pastime.
 
The betting exchange estimates that as much as A$ 300 million a year leaves the country in bets with offshore Internet gambling sites, cash that could stay at home in an enlightened approach to the fait accompli of Internet gambling. The submission signles out online poker for a special mention, commenting: “Poker has undergone a phenomenal rise in popularity in recent years, and as a result, more and more poker and other card game players are turning to the web.
 
“It is illegal to offer online poker to Australian residents, but that hasn’t prevented several large international operators from creating an enormous customer base here – assisted by promotional activities using high profile Australians and cross-selling through ‘play for free’ sites. It is estimated that more than A$300 million is bet by Australians annually on online poker – and it’s a figure that is rapidly growing.
 
“All revenues flow directly offshore without any tax being paid in Australia. Furthermore, players are gambling in a largely unregulated environment, with little protection offered to players in terms of fraud, security or harm minimisation. The ban on offering interactive gaming to Australians has had very little effect on curtailing the enormous growth of that sector of the market in Australia.
 
“Betfair advocates an approach based on regulation, rather than attempts to prohibit the activity. Only through regulation can effective player protection initiatives be enforced in the online environment.”
 
In its appeal for the legalisation of in-running betting, the gambling group asserts: “Australia is the only jurisdiction in the world that allows online wagering on sport but at the same time prevents punters from using the Internet to place in-play bets. To put it another way, except in Australia, wherever it is legal to place a wager over the internet, it is also legal to do so in-play on a racing or sporting event.
 
“Because there is no law against someone in Australia betting online in-play on sport (the prohibition is directed solely at the operator) there is a large incentive for Australians to bet with these overseas operators. As a result, licensed Australian wagering operators are permanently losing the business of punters who are lured to these sites by offering in-play sports betting online. This means that transactions are not regulated in Australia, there is no requirement to place appropriate social harm minimisation measures in place and no taxes or product fees are returned to governments or sporting bodies.”



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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