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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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Gambling News :

Twin River Management Launches Simulated Gaming product - GAN has launched its Simulated Gaming product at the Twin River Management Group's land casino in Rhode Island, USA, revealing the identity of its ninth US customer.

VLeague and Mojo Games partner up - #Alisports B2B multi-gaming platform and social games provider Mojo Games has partnered with VLeague Internet Technology to provide online social games and poker tournaments to Asian sports giant Alibaba Sports Group (AliSports).

SBTech In SportsBook Deal With Winmasters - #SBTech #Winmasters has already achieved significant market share in the Romanian regulated market and is now targeting a number of other EU countries with national regulatory regimes.

Life of Riches Slot Launching - The company released a preview of its "Life of Riches" slot Friday, a 5 reel, 30 selectable pay-lines game with a theme featuring luxury cars, expensive yachts, private jets and a liberal sprinkling of glitterati.

Dutch to impose harsher fines On Illegal Gambling Operators - The Dutch gambling regulator Kansspelautoriteit has announced that it is to take a tougher line with unlicensed online operators who access Dutch punters, intensifying enforcement and imposing substantially heavier fines on offenders.

Makati City is becoming an unfriendly internet gaming environment - The Makati City government in the Philippines has just shuttered its 117th online gambling firm since the middle of the year for operating without a current permit, perpetuating the sense that the region is an increasingly hostile online gambling environment.

Land Casino Bill Passes in Japan - A bi-partisan side meeting of leading lawmakers led to Komeito Secretary General Yoshihisa Inoue agreeing that his party would not protest the vote in the House of Representatives Cabinet committee Friday afternoon.

Inaugural meeting of the Massachusetts Gaming Commission - Thursday's inaugural meeting of the Massachusetts Gaming Commission committee tasked with reviewing online gambling developments and possibilities met Thursday and briefed local media on their mandate.

easyPLAY Launches Online Slot Tournaments - #easyPLAY Las Vegas land casino giant MGM Resorts is more effectively leveraging its on-premises mobile gaming services by expanding the availability of its easyPLAY online casino tournaments throughout the state of Nevada.

Jetsetter slot Pays 130 Bitcoin WIn - #bitcoin Prague-based online slot developer Endorphina reports that its Jetsetter slot on the Bitcasino.io site has just delivered a major hit for an anonymous player.

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