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BETDAQ betting exchange backs off in the land Downunder
Monday, July 18, 2011 : According to reports in the Australian media, the Irish-owned betting internet betting exchange Betdaq has had to cease operating in Australia following allegations that its activities in racing and sports were illegal.
The Australian newspaper claims that Betdaq was operating offshore on Australian racing and various sports, including the AFL and NRL, without appropriate licensing and in contravention of state and federal legislation.
A Betdaq spokesman told the newspaper: "The betting services on Australian races and sports has been stopped. A legal problem has developed. It should be sorted out soon but until further notice we will not be operating on Australian sport."
The spokesman declined to state specifically what legalities had forced it to close down its Australian operations.
Commenting to The Australian, federal Minister for Sport Mark Arbib said: "Betting sites operating offshore without regulation are a potential threat to the integrity of Australian sport. Online gambling has been referred to Minister Conroy's review of the Interactive Gambling Act."
The Australian's report alleged that on Wednesday Betdaq was operating on race meetings in Victoria (Sandown), NSW (Warwick Farm) and Queensland (Eagle Farm). It was also setting markets for the major football codes and promoting online casino and poker gambling.
It is expected other overseas betting agencies will attempt to bet on Australian races and sport too after Sky Racing completed a deal last week for Australian races to be broadcast live on At The Races, the major thoroughbred racing channel in the UK.
Daily fines of $60,000 can be imposed on unlicensed agency bets on race fields, the newspaper reports, noting that Betdaq also offers Australians the opportunity to gamble on casino games and poker online, which it claims is a serious breach of the federal Interactive Gambling Act.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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