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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 :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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