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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.”

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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