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Australia Passes Betting Legislation Amendment Bill 2016
Legislation amendment a sure bet to attract companies to the Territory, says Sports Minister.
Australia’s Northern Territory Government (NT) has passed the Racing and Betting Legislation Amendment Bill 2016 allowing companies offering betting exchange products to be based in the Territory.
The legislation passed in the Northern Territory Parliament late last week will reinforce the region as a premier jurisdiction for online wagering and new job creation, Peter Styles, Minister for Racing Gaming & Licensing, said.
“The addition of a specific betting exchange licence will act as a catalyst to attract international operators to the NT. Aside from direct taxes and fees, the indirect economic benefits to the NT will be positive for the Territory”.
Styles revealed it had already received confirmation that Betfair Australia will relocate to Darwin, initially commencing with around a dozen staff.
“The addition of the betting exchange licence is expected to have no impact on problem gambling as Betfair has been in business in Australia for 10 years,” Styles said.
Other amendments to the legislation formalise ‘handshake’ payment agreements between interstate wagering operators and Thoroughbred Racing NT (TRNT) and the Darwin Greyhound Association (DGA).
It brings the NT in line with other jurisdictions to allow NT racing and sporting control bodies to levy a Product Fee for the use of their information by wagering operators.
The Product Fee legislation will protect valuable revenue currently received by the racing industry as the Darwin Cup and Alice Springs Carnivals continue to grow in success.
The betting exchange licence will be regulated in the same manner as existing sports bookmaker operators and tax levied on the licence will be the same, however, the application fee and annual fee have been increased from 20,000 revenue points to 200,000 revenue points for the new betting exchange category due to the “more complicated system involved,” a Government statement explains.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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