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Aussies Using Poli Payments To Fund Offshore Online Casino Accounts

Thursday April 14,2016 : STORM IN A TEACUP OVER AUSSIE PAYMENTS TO ONLINE CASINOS
 
Australia Post online payments subsidiary did not break any laws.
 
A media 'expose' this week turned out to be rather a storm in a teacup when a local newspaper revealed  that POLi Payments - an online payments subsidiary of the state's Australia Post - had been used [shock, horror!] by Aussies making deposits at offshore online casinos.
 
The newspaper investigation showed that many such gambling companies openly published their acceptance of the payment channel, and claimed that "at least" A$5 million had been "raked in" since POLi was acquired by Australia Post in October 2014.
 
Obsessive anti-online gambling foe Senator Nick Xenophon was quick to express outrage and hold the government to account, but as a spokesman for Australia Post pointed out, POLi does not market or advertise itself as an internet gambling service, and is not in breach of the Interactive Gambling Act.
 
“We are comfortable that POLi is acting in accordance with the Interactive Gambling Act and other applicable gaming laws where POLi is involved in making payment transfer services available for use,” the spokesperson explained in an email to the newspaper.
 
However, continued service for punters may now be in danger, as a cautious POLi could curtail it as a precautionary move.
 
The spokesperson hinted that Australia Post may withdraw its payment services to online casinos, given it is not part of its long term business strategy.
 
“It is not an area that we intend to operate in over the long term,” the spokesperson said.

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Gambling News :

888poker in deal with Flow Esports - A statement from 888 said it was only a matter of time before the company joined forces with Flow Esports, which is headed by Daniel Märkisch and includes Hearthstone professionals Tobias Graap, Vetle Stubberud and Johannes Steindl.

Oryx Gaming launches 2 Christmas slots - Oryx Gaming has announced the launch of its new festive season online slot, titled Fairytale Forest Quik and Golden 7 Christmas.

Colorado Racing Commission Approves Mile High DFS - Mile High Racing and Entertainment (MHRE) announced Tuesday that the Colorado Racing Commission has approved its daily fantasy sports activity allowing MHRE to offer fantasy sports contests in nine Colorado locations.

Major Amaya Investors Critical of David Baazov Offer - David Baazov's intriguing attempt to acquire the Amaya Group may have been complicated by the leak of a highly critical letter from major shareholder Jason Ader's SpringOwl Asset Management.

Online Gambling Making Strong Contributions to Manila - 269 iGaming licenses were issued in 2015, along with slightly more remote gaming licenses at 88, the minister reported.

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

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