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REGULATE ONLINE GAMBLING, SAY AUSSIES

10/21/09 - The first draft of the much anticipated review of Australian gambling by the government's Productivity Commission was released this week, with some predictable conclusions...and some surprisingly practical suggestions regarding online gambling regulation.
 
The draft will now enter a public hearing phase through November and December, with the final report submitted to the federal government by 26 February 2010, according to a statement at http://www.pc.gov.au/projects/inquiry/gambling-2009/draft/media-release.

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A key finding in the extensively researched report is that Australia's ban on online gaming is just not working, with Australians increasingly gambling abroad on sites "with minimal consumer protection," an outcome widely predicted by experts when the government abandoned its progressive regulatory policy on the pastime some years ago.
 
The Commission proposes the 'managed liberalisation' of online gambling, with supply being made legal in Australia, contingent on the introduction of stringent 'harm minimisation measures'.
 
This could herald a return to the previous and more liberal policy of regulation rather than prohibition.
 
Much of the report is devoted to problem gambling and the proliferation of land-based 'pokie machines'.
 
The Productivity Commission proposes stronger regulatory measures, mainly aimed at the 'pokies', including lowering the intensity of play and facilities whereby gamblers can set spending limits on themselves.
 
Gamblers in Australia spend (lose) over $18 billion per year including nearly $12 billion on poker machines, the draft claims.
 
The Commission estimated that problem gamblers account for around 15 percent of regular gaming machine players, with a further 15 percent facing moderate risks. It also found problem gamblers' share of total spending on pokies ranged alarmingly around 40 percent.
 
Productivity Commission Chairman, Gary Banks, observed that "...despite progress since our last report 10 years ago, there is considerably more that [territorial] governments can do to make gaming machines a safer recreational pursuit."

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The Commission has drawn from experiences in Australia and overseas to craft proposals that help reduce the social costs of gambling without unduly impacting on its recreational value. Key proposals are directed at:
 
* Reducing the amounts that people can lose (currently up to $1200 per hour) through lower limits on bets per button push and on how much money can be fed into machines
 
* Giving people the choice to set limits on how much time and money they spend on gambling, through a universal 'pre commitment' system harnessed to improved technologies.
 
Banks claimed that a large number of people have problems with their gambling, and that it is vital that they are given a tool to achieve greater control.
 
Other regulatory proposals include limiting access to cash in venues, longer and earlier shutdowns of gaming rooms (drawing from the Queensland approach), and better warnings (based on Victoria's model).
 
The Commission has also proposed an overhaul of wagering regulations that will promote competition and lower prices for punters, while sustaining the racing industry.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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