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ONLINE GAMBLING UNDER THE SPOTLIGHT IN AUSTRALIA
5/30/10 - The weekend has seen a surge in mainstream reportage on internet gambling in newspapers across Australia; most of it related to the conclusions reached by the government's Productivity Commission.
The report has broadly suggested that the regulation and licensing of online gambling better serves the protection of Australians then trying to stop the thousands of online websites on the Internet from accessing gamblers Downunder.
Several reports point out that Australians using internet gambling services will lose A$1 billion this year on sites that are unregulated and operating illegally from an Australian perspective.
The use of poker sites is growing at a rate of 20 percent a year, other reports reveal, supporting the need for a cogent regulatory approach that ensures reputable and professionally operated sites are available to the Aussie market.
Predictably, there is strong anti-gambling opposition to the idea of regulation and licensing, based mainly on fears that it will increase the dangers of problem gambling in a society that has proved more prepared than most to wager on the outcome of sporting events and casino games.
Current laws allow online gambling sites for sport and racing, but prohibit sites for poker, bingo and casino games. Companies operating or advertising these products in Australia are theoretically subject to fines of up to A$1.1 million a day.
But punters who play these games are doing nothing illegal.
The Age newspaper claims that despite 17 referrals from other agencies since 2001, Australian federal police have failed to lay any charges against suspected illegal operators.
The newspaper reports that Full Tilt, Poker Stars and 888 are becoming "increasingly brazen in their marketing, despite a ban on advertising in Australia." Poker websites now sponsor rugby league teams and free pub poker leagues, and employ sports stars such as Shane Warne and Brendan Fevola to promote their products.
Gaming industry lawyer Jamie Nettleton told The Sunday Age that legalising internet gambling would bring tax revenue onshore and was ''inevitable because it's generally recognised that any form of prohibition is not going to work''.
Others, including Betfair Australia CEO Andrew Twaits, say it would be easier to minimise harmful online betting if the sites were legal, because owners could track the spending patterns of problem gamblers, and shut down accounts if necessary.
Complicating the task of the Rudd government, which has been studying the Productivity Commission's report, is the news that independent senator Nick Xenophon has ready a private member's bill that would ban Australian credit card companies from processing payments to offshore gambling websites.
The Age reports that new figures from international industry consultants Global Betting and Gaming show Australians are expected to spend A$968 million in 2010 on online casino, poker and bingo.
Local bans do not appear to have been able to stifle industry growth, with the Commission's report showing that in 2008, about 700 000 Australians played online casino games - twice the 2004 figure.
Online poker is driving this growth, with Australian visitors to poker sites increasing by about 20 percent a year and an estimated A$329 million flowing offshore this year from Australian online poker players alone.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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