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Betfred Sued By ACCC

Thursday August 14,2014 :  BET365 SUED BY AUSSIE CONSUMER BODY
 
Claims that online gambling firms failed to properly disclose bonus conditions.
 
In what seems to be a rather heavy-handed reaction to the Australian subsidiaries of UK betting group Bet365, the  Australian Competition and Consumer Commission (ACCC) has launched litigation in the Federal Court, alleging that the betting companies misled punters by offering free bets and deposit bonuses that were subject to a number of conditions not properly disclosed.
 
According to ABC News, the court filings claim that online punters had to gamble a substantial amount of money to redeem the offers, and additionally had to bet on high-risk odds, but the conditions attached to the offers were not adequately disclosed by Bet365's Aussie firms.
 
ACCC chairman Rod Sims told ABC News that consumer issues in online trading are an enforcement priority for the organisation.
 
"The online betting industry is a growing business sector," he said. "The Australian Consumer Law applies to this sector in the same way that it applies to other industries and sectors.
 
"The Consumer Law also requires that any conditions, limitations or restrictions should be made clear to the consumer before the purchase rather than after a consumer has been unfairly enticed into a transaction."
 
Sims acknowledges that Bet365 immediately took steps to amend its offers on being approached regarding the issue, which makes the Commission's decision to go to court anyway instead of being content with effecting a reversal and handing out a public reprimand to an otherwise professional and integrity-driven company, all the more surprising.
 
The case will be heard in October, with the Commission seeking corrective advertising, injunctive relief, punitive fines and its legal costs.
 
The ACCC has also launched litigation against the kitchen blender company OmniBlend for the far more serious offence of price-fixing in collaboration with a competitor.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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