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Gambling: Some Aussie pokie games Illegal

8/31/09 - One of Australia's favourite gambling vehicles - poker machine games commonly referred to as 'pokies' - are at the centre of a new row building Downunder.
 
Eight of the 134 games approved since December 2007 have a level of volatility which is higher than that recommended by the Australia/New Zealand Gaming Machine National Standard, but their identities remain secret, reports the Aussie news site News.com.au.

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The Australia/New Zealand Gaming Machine National Standard recommends the nominal standard deviation of a game be no more than 15, yet the eight machines exposed through Freedom of Information Act disclosures are alleged to have volatilities in excess of this number.
 
While all poker machine games must have a return to player of at least 87.5 percent, games with a low volatility pay out a larger number of small prizes. However, highly volatile games pay out a smaller number of large prizes.
 
The disclosures have been exacerbated by a bar on identifying the games because the information is deemed to be "commercially sensitive".
 
Independent MP Kris Hanna told News.com.au that the excessively volatile games were cheating punters. "While some receive higher jackpots, there is less return to players in between payouts," he said.
 
"The machines are already addictive enough without extra tricks. Gamblers should be told which games pay out less frequently."
 
However, Independent Gambling Authority director Robert Chappell said he was not concerned about the claims because the regulation was a guideline.
 
"This particular fact doesn't concern me," he said.
 
"It's a welcome development that the regulators have put limits on volatility because it enables us to be better assured games will resolve at their true return to player."
 
Australian Hotels Association SA general manager Ian Horne said if Chappell wasn't concerned, then no one should be.
 
"If the independent regulator has no concerns and they are qualified in this material, why would Kris Hanna have any concerns other than to cause mischief," he said.
 
"We have total confidence in the integrity of the approval system and anyone who suggests there is some manipulation here is being deliberately provocative for political gain."

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Gambling News :

More Computers Smashed in Online Gambling Raids - More computers seized in police online gambling raids were trashed Monday when the Serdang police destroyed 1,312 machines to keep them out of circulation.

2017 Aussie Millions Event 1 - The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.

Swiss Reject idea to Block Gambling Websites - The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.

Growth Ahead For Online Gambling - Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.

New Qubit software For SkyBetting - #qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.

Slotfather II Slot Launching - #betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..

Massachusetts Online Lottery Bill - Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.

Italy Doing Well With Online Sports betting - The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.

Michigan To Reintroduce Online Gambling Bill - #Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.

MGM Buys DC office building For lobbying team - #MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.

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