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PROBLEM GAMBLING RESEARCHER OPPOSED TO IN-PLAY BETTING

Tuesday May 29, 2012 : PROBLEM GAMBLING RESEARCHER OPPOSED TO IN-PLAY BETTING
 
This is a form of gambling where gamblers could chase their losses, says Aussie academic
 
Australian university online gambling researcher Sally Gainsbury is seldom at a loss for words on problem gambling and the internet punting environment, and she again voiced an opinion this week, backing a federal government intention to prohibit micro-betting, including ball-by-ball wagers on sporting games.
 
The Australian Broadcasting Corporation quotes Gainsbury as saying that micro-betting on individual outcomes within a game is very different to placing a single bet on the outcome.
 
"If you are looking at something that's like ball-by-ball betting on outcomes that are popping up within a game, this is a form of gambling where gamblers could chase their losses, could spend more than they intended, and it really could be an excessive form of gambling," she told the broadcaster.
 
Gainsbury was commenting on a recommendation from the federal government's Communications Department that micro-betting, including ball-by-ball wagers on sporting games, should be prohibited.
 
The federal government has released an interim review of the 2001 Online Gaming Act, with 35 recommendations that seek to strengthen consumer rights and halt harmful online gaming practices.
 
The Act was originally drawn up more than 11 years ago to reduce the scope for problem gambling through interactive and online services, and at the time placed Australia among the more progressive nations in the nascent internet gambling industry.
 
The government subsequently turned away from the regulatory and licensing route to one mainly focused on prohibition.
 
The review examines whether existing laws are adequate at a time when online gambling is growing, and changing technology is making gambling easier, and it recommends that micro-betting should be prohibited on all electronic mediums including the internet, telephones, smartphones and interactive TV.
 
It also proposes the introduction of a national standard for harm minimisation and consumer protection, and stronger enforcement and deterrent measures against unlicensed overseas gambling sites.
 
The interim report is open to public comment for the next month.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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