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PROTECT ONLINE PUNTERS WITH REGULATION, SAYS BETFAIR CHIEF
Posted 2.8.11 : Betfair's senior Australian exec says the best protection is a well-regulated environment with appropriate controls
The top man in online betting exchange Betfair's Australian operations, Andrew Twaits, flew into Hobart, Tasmania this week to inspect the company's new facilities, and voiced the opinion that the best way to protect vulnerable members of the public from online gambling was to regulate and control the pastime.
Speaking to The Mercury newspaper, Twaits said that unregulated markets in parts of the United States and the Indian subcontinent proved there could be issues with online betting, but with the right checks and balances it did not have to be that way.
"The best response to protect the most vulnerable members of the community is to have a well-regulated environment with the appropriate controls around harm minimisation," he said.
He also pointed out that Betfair has offered pre-commitment - a strategy favoured by the federal government - for some time. "We were one of the first ... operators in the country to offer voluntary pre-commitment so you can predetermine how much you can deposit per day, per week or per month -- or lose per day, per week, per month," he said.
Betfair renewed its Tasmanian licence last year for a period of ten years. "We are established here now with 120 or so highly qualified, very loyal staff," he said, adding that his company paid more taxes than other betting agencies despite a recent and much-criticised reduction in the rate.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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