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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.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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