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Australia Banning Credit Card Betting
Friday August 9, 2013 : AUSSIE PLAN TO BAN CREDIT CARD BETTING
It's an election year Downunder - be prepared for political posturing
With a contentious federal election looming, it is not surprising that Australian politicians are starting to pose and posture, with gambling a premier and in recent times high profile target.
leader Tony Abbott wants to ban Aussie gambling companies - especially those online - from accepting bets or account top-ups via credit card.
As usual the call is ostensibly to protect the consumer, but there are political undertones in Abbott's stated intentions to dump Labor moves to put limits on poker machines by abandoning trials of the controversial mandatory pre-commitment system; oppose the Greens plan to impose a $1 bet limit on pokies; do away with Labor's national gambling regulator, who allegedly duplicates the role of individual states; and introduce laws restricting how gambling is advertised.
Liberal MP and anti-gambling campaigner Alan Tudge supports the idea of stopping gambling companies giving credit to punters, saying that allowing credit card deposits runs contrary to the principle that responsibly gambling should be all about punters gambling within their means.
Tudge said the Abbott view will "...provide some basic protections for problem gamblers."
"It is one thing to lose everything in your savings account," he added. "It is another thing entirely to be able to literally gamble your house away without leaving your living room."
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
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 -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
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.
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