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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.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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