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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 :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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