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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.



Gambling News :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

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