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Little Support Among Online Gamblers in Australia for in-play betting

Monday December 14,2015 : TATTS CHIEF CRITICAL OF ATTEMPTS TO LEGALISE IN-PLAY BETTING
 
But are Aussie punters really disinterested in this form of gambling?
 
Robbie Cooke, the CEO of gambling group Tatts in Australia started the week by assuring local media that there is very little support among Aussie punters for online in-play betting, and criticised international gambling groups pushing for the genre to be legalised.
 
Speaking to the Sydney Morning Herald, Cooke said there was little evidence that Australian gamblers are interested in in-play betting despite claims by international groups operating in Australia that failing to legalise in-play will push online punters into the arms of unlicensed offshore operators..
 
"There are no members of the community here agitating to get rid of the IGA [Interactive Gaming Act]," said Cooke. "This is completely the creation of Northern Territory-based, UK or Irish wagering companies agitating the Australian government to remove the IGA for their own profit-driven motives."
 
Cooke also questioned a statistic from the currently ongoing O'Farrell review of the IGA that over a billion Australian dollars is wagered on over 2,200 illegal offshore sites by Aussies every year, observing:
 
"Nobody has shown me any data which actually validates that number."
 
The Sydney Morning Herald notes that Paddy Power subsidiary Sportsbet told the review that if the government retains the status quo, more than A$2.2 billion will be lost offshore in lost wagering profits by 2020, representing $100 million a year in forgone tax revenue.
 
Cooke says he believes that with A$30 billion gambled in Australia annually and Northern Territory bookmakers accounting for nearly A$9 billion of bets placed, nearly all of the spend was already being counted.
 
"The suggestion there is all this money flowing offshore I think is a false premise," Cooke opined. "I think it's the big lie."
 
The Tatts chief acknowledges that his company may benefit, but doubts that there is sufficient community support to justify changes to the current laws.
 
"As a gambling operator one side of me says fantastic that's a great opportunity for growth, but do we need the community to start pushing back more on the gambling activity because if the IGA is removed you will see an increase in betting and advertising and the racing industry will be damaged."
 
The O'Farrell review is due to submit its report and recommendations to the federal government Social Services Minister Christian Porter on December 18.

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GVC In Content Deal With Microgaming’s Quickfire - Microgaming-powered Prima Networks Limited will supply over 50 new titles to GVC’s recently acquired bwin Casino, PartyCasino and Party Poker gaming sites within the coming weeks.

Opap in memorandum of understanding With Inspired - Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.

DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

Betconstruct In Deal With Realistic Games - BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.

XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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