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Australia In live betting banned for online and mobile

Sunday October 5,2014 :  NEW PADDY POWER BOSS BACKS AUSTRALIAN IN-LIVE BETTING REFORM

In live betting banned for online and mobile “something of an oddity”

Andy McCue, successor to Paddy Power’s chief executive Patrick Kennedy as of January 1, 2015, said he will back his Sportsbet Australia team’s lobbying efforts in reforming Australian digital gambling laws on in-play betting.

"One of the clear observations from the Australian market is you can't bet in-play digitally, which is something of an oddity," he said in an interview with The Australian Financial Review Weekend.

With the upcoming Cricket World Cup and the AFC Asian Cup due to be hosted by Australia next year, Cormac Barry who heads up Sportsbet Australia, said he expects the inconsistency in the in-play betting regulation to become a priority for politicians.

While in-play betting is banned online and via mobile, bettors can still place in-play bets through call centres or physically at betting retail stores.

Regarding ongoing betting integrity issues, including match-fixing, Barry views the risks as being primarily driven by the offshore betting market as punters seek attractive odds and a bigger choice of offers.

If lawmakers review the Interactive Gambling Act, that would need to be driven on a Federal level, Barry opined, as "The internet doesn't recognise borders.”

But Dr. Charles Livingstone of Monash University believes allowing online and mobile in-play betting would increase the risk of problem gambling due to the ability to continuously bet at the touch of a button as opposed to having to pick up a phone or visit a retail store.

"If you're in a gambling environment where you can bet constantly, the risks are elevated considerably," Livingstone said.

In related news, Tom Murgatroyd, head of live casino at Paddy Power, has been placed on gardening leave following his resignation.  Murgatroyd is taking up a position with Sky where he will head up the company’s Sky Casino brand.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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