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NSW GOVT LOSES A$14 MILLION A YEAR TO INTERNET BETTING
The New South Wales government in Australia has been urged to seriously consider a restrained form of licensed and regulated online gambling as a step forward in keeping up with gambling trends, reports the Sydney Morning Herald this week. The newspaper was reporting on suggestions made to the NSW leaders by Alan Cameron, a former chairman of the Australian Securities and Investments Commission.
The call was made in a report on overhauling the betting and racing industry, which has fallen with the rise of internet betting. Boston Consulting Group estimated the NSW government was losing A$14 million a year in gambling tax revenue due to Internet gambling, and the racing industry a possible A$27 million. But against a backdrop of dangerous gambling, the report warns the Rees Government to act with caution so as not to offend "good taste or community expectations".
Allowing betting on the outcome of court cases or sporting tribunal hearings should not be considered, for example.
Cameron advises the government to give a newly constituted Casino, Liquor & Gaming Control Authority the power to select events for betting, "....including political elections and reality television programs". It also calls for a national overhaul of the betting industry to deal with the inroads made by Internet betting.
The veteran businessman wants online betting exchanges such as Betfair, whose Australian operations are part-owned by James Packer, to be allowed to operate in NSW, even though it has been criticised for its limited contribution to the racing industry.
Cameron was tasked with the review a year ago after the Herald disclosed that the then premier, Morris Iemma, had intervened to clear the way for Betfair's entry into NSW. Betfair succeeded in challenging advertising bans in legal action with the West Australian Government, which has opened the door for it to expand its operations.
"It is becoming increasingly problematic for any state to try operating independently with the entry of corporate bookmakers and the cross-border 'leaking' of revenue," the Gaming and Racing Minister, Kevin Greene, said when making the Cameron review recommendation public this week.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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