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Australian review of the Interactive Gambling Act of 2001

Monday September 7,2015 :  FORMAL ANNOUNCEMENT MADE ON AUSSIE ONLINE GAMBLING REVIEW (Update)
 
Former New South Wales premier Barry O’Farrell to head the exercise.
 
Australia's Social Services Minister Scott Morrison has formalised the intention of the federal government to conduct a review of the Interactive Gambling Act of 2001, announcing in a statement Monday that the initiative will be spearheaded by former New South Wales premier Barry O’Farrell.
 
"According to the Australian Institute of Family Studies (AIFS) online gambling is a A$1.6 billion dollar business in Australia with sixty percent of this revenue going offshore to more than 2, 000 sites beyond the reach of our regulators and tax collectors," Morrison said in a statement.
 
"Unlike Australia's licensed operators, overseas agencies don't contribute product fees to racing and sporting bodies, do not comply with Australia's legal system and are not obligated to monitor and report suspicious betting activity.
 
"Illegal offshore wagering also leaves Australian punters without protection for payouts on their winnings."
 
The minister added that gambling addiction affects hundreds of thousands of Australians and by not properly monitoring and taxing these offshore companies, many are susceptible to losing a lot more than their money.
 
There are about 30 operators running legal sites in Australia, Morrison said.
 
“For the vast majority of Australians, having a punt [has been] part of a recreational pastime for many generations and it’s part of who we are,” he told reporters in Canberra. But for 2 percent of the population gambling was a major problem, affecting their families, he said.
 
"More than 400,000 Australians, mainly men, have gambling problems," he claimed. "These issues can affect hundreds of thousands of Australian families and the children growing up in them.
 
"Problem gambling can also have a significant impact on social services and welfare spending such as income support payments, financial counselling and measures to address domestic violence.
 
"It is critical that we undertake a serious review of the impact of these illegal offshore operations on Australian consumers as well as our racing and sports industries and identify ways in which we can work to curb these impacts. It is especially important we look at what can be done to protect individuals vulnerable to problem gambling."
 
Minister Morrison said the internal government review would begin immediately, with final recommendations scheduled to be submitted to parliament by December 18.
 
The review's terms of reference include the economic impacts of illegal sites on legal Australian businesses, international counter measures, and options to educate the public – including warnings and campaigns.
 
A wide range of opinions will be sought from the racing industry, professional sports, wagering organisations and state and territory governments, and the public will also be invited to participate.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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