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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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