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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 :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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