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Legal Australian Gambling in 12 Months
Wednesday May 23, 2012 : LEGALISED AUSTRALIAN IN-PLAY BETTING AND CASH POKER GAMES?
Industry expects introduction within 6 to 12 months
News emerging from Australian media suggests a change of heart by the country's Federal Government on online in-play betting and cash poker games.
The Herald reports a Federal Government briefing earlier this month directed at the Australian gaming industry on a proposal which would allow the two forms of gambling.
Supporting the speculation, various media services quoted an e-mail that briefed Merrill Lynch clients on the development sent from gaming analyst Mark Bryan. The communication followed an online gaming symposium attended by Tattersalls, Jumbo Interactive, bookmakers and Tabcorp. An excerpt from the e-mail reads:
"In-play live online betting: Many in the industry indicated that they expect this to be legalised alongside poker in the next six to 12 months following overseas precedents.
It seems (Communications Minister) Stephen Conroy's department recently provided a brief on draft legislation."
The move has apparently been initiated with a view to stemming the tide of illegal gambling on unregulated offshore websites and aligning local and overseas laws.
Bryan was quick to warn, however, that any proposition in this early stage may be scuttled by a volatile political climate.
Conroy's department declined to comment, except to confirm the imminent completion of its review of the Interactive Gambling Act.
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Mybet Earnings Struggle -
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Tom Horn Awarded Malta Gaming License -
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Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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