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Australian federal government's review of internet gambling
Sunday October 25 2015 : AUSSIE REVIEW OF INTERNET GAMBLING PAYS WELL
Federal government to pay former NSW premier Barry O'Farrell more than A$50,000 for three months' work.
The Australian federal government's review of internet gambling laws was in the news again over the weekend as Australian mainstream media reported that former NSW premier Barry O'Farrell is to be paid more than $50,000 for three months' work on the project.
The Age reported that government tender documents confirm that the former Liberal leader will be paid $52,500 for the September to December job.
According to one government minister online gambling is a $1.6 billion a year business in Australia, with 60 percent of revenue going overseas to more than 2000 sites beyond the reach of Australian regulators and tax collectors.
The Age reports that O'Farrell resigned as premier in April 2014 after misleading the Independent Commission Against Corruption over receiving a A$3000 bottle of Penfolds Grange wine. He retired from the NSW Parliament in March.
In June, Foreign Affairs Minister Julie Bishop appointed him to the unsalaried position of deputy chairman of the Australia-India Council.
The council is chaired by Ashok Jacob, a former lieutenant of billionaire casino mogul James Packer and his late father, Kerry. He is a former director of Crown Ltd, which was awarded a licence to operate a "restricted gaming facility" at Barangaroo while O'Farrell was NSW premier.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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