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Close Loophole in Australia in-play wagering

Wednesday February 3,2016 :  CLOSE IN-PLAY LOOPHOLE SAYS AUSSIE RACING BOSS

Mindless in-play wagering encourages corruption in sports, McGauran says.

Racing Australia’s chief executive Peter McGauran has reportedly lobbied the Federal government demanding that a loophole in Australia’s interactive gambling law concerning in-play wagering be closed.

McGauran told The Australian newspaper that Racing Australia believes “mindless” in-play betting has opened the door to corruption in sports even further.

Major Australian bookmakers have exploited a loophole that allows for live betting over the telephone by utilising advanced technology and a requirement that customer’s switch on the microphone on their device when utilising in-play betting offers.

McGauran’s submission was made to the government review headed by NSW premier Barry O’Farrell on the interactive gambling act.

"It's an integrity and an economic issue," McGauran told The Australian.

"There would be significant migration of revenue from traditional racing wagering to sports betting to in-play, which is mindless repetitions in front of a big screen that for many is reminiscent of poker machines.

"Apart from the clear and immediate threat to integrity from illegal online bookmaking, the revenue loss over time will significantly damage one of Australia's leading industries and its 200,000 employees."

Other recommendations submitted by the organisation included ISP blocking of offshore, unlicensed gambling operators and payment service restrictions. Racing Australia also wants a match fixing and corruption in sport task force to be established.

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Gambling News :

Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

Ninja Power Slot Launched By Slotland - I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.

WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

Stephen Conroy appointed head of new responsible gambling grou - Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.

SquwaKa To Enter sports betting sector - Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.

Softswiss in game deal with Booming Games - Platform and white label provider SoftSwiss has launched a portfolio of 50 plus Booming Games titles following a partnership deal announced this week.

RaceBets Acquired by Betsson - Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.

Playtech buys back 780,000 shares - Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.

Cash In Roulette - The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.

EveryMatrix in game deal with Endorphina - #EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.

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