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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 :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

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