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BETFAIR CHALLENGES AUSSIE OPERATORS ON RESPONSIBLE GAMBLING

Betfair Australia's feisty CEO, Andrew Twaits responded to recent criticism of online gambling sign up bonuses  with a challenge of his own this week - the government should make it compulsory to do more in the responsible gambling milieu by requiring operators to offer gamblers a facility to pre-set their spending limits.
 
Twaits refuted recent claims by anti-online gambling activists and politicians that bonus offers fuelled problem gambling, the newspaper The Courier Mail reported.
 
"The offering of free bets is ... no different to pokie venues offering $3 roast meals to get people in the door or the local TAB offering free pizzas to get people in," Twaits said, giving an alternative view that problem gambling can

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instead be linked to the unlimited anonymous betting offered by pokies venues, TABs and some online agencies.
 
"I think one of the real dangers with cash-based betting is that the wagering operator has no way of knowing who's betting with them and whether that person is betting beyond what they want to spend," Betfair's Australian head man opined.
 
"We'd be advocating that everything should be account-based, that all operators should allow customers to set loss limits."
 
Twaits said Betfair invited customers to set daily, weekly and monthly loss limits, which could only be changed after a seven-day cooling-off. All operators - including pokies venues, TABs and online agencies - should offer similar controls as a condition of their licence, he said.
 
The call won immediate support from Relationships Australia's gambling help program leader Noel Condie.
 
"I'm totally in favour of it," Condie said. "We would like to see some sort of effective measure to help people to pre-commit (to a limit) before they gamble. It would give the gambler more control."
 
However, Condie disputed Betfair's claim that the offer of "free" bets of up to $1 000 did not contribute to problem gambling.
 
Queensland Treasurer Andrew Fraser was also opposed to "free" bets, but said Queensland alone could not ban the practice since the High Court last year cleared the way for online betting agencies to operate across state borders.
 
"What we need here is a co-ordinated national approach," Fraser said. "That's the only way we are going to be able to deal with this."
 
Betfair was also in the news this week with its investigation into what could be another tennis online betting scandal.  The company's advanced technology that enables it to minutely analyse betting patterns is a powerful weapon in the drive to eliminate corruption from gambling on tennis matches, and is deployed in suspicious cases.
 
In the latest incident, Betfair is examining bets associated with a tennis match in Zagreb over the weekend. Betting websites have claimed "an in-the-run coup appears to have been landed" after Croat Antonio Veic upset Argentine Guillermo Canas. The wildcard, ranked 255th in the world, beat Canas 4-6 6-4 6-2.
 
Canas opened as a 1.11 favourite pre-match with Betfair. But, after winning the first set, Canas drifted to $7.00. At the same time, Veic shortened from $7.40 to $1.10 as suggestions emerged Canas may have had an arm injury.
 
"We are aware of the speculation surrounding the betting patterns on this match," a statement from Betfair advised. "This market will remain suspended pending internal investigation."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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