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Betting On Politics
Posted 5/30/11 :
Aussie senator's new bill designed partly to discourage wagering on political outcomes
Australia's vehemently anti-gambling independent politician, Nick Xenophon, says that his new anti-micro gambling measure is at least partly designed to counter political wagering on Australian elections.
In an interview with ABC TV reported Sunday, the senator warned that gambling has the potential to corrupt the political process.
Australia is currently being wracked by political manouevring on gambling clampdowns mainly associated with land activity but spilling over into promotional elements on the pastime (see previous InfoPowa reports).
The federal government is dependent on the support of independent politicians who are leveraging the situation to press initiatives that could have a serious impact on the bottom line of gambling companies.
Xenophon said he plans to introduce a bill into Parliament designed to prevent the corruption which could occur when political staffers with inside knowledge place bets on electoral outcomes such as election results in a particular seat.
''I think micro-betting gives macro opportunity for corruption,'' he told the television station. ''And I think at the last election there was speculation that some party insiders were betting against their own party. And if they are privy to information, confidential information, polling, if they know what's about to break, that could influence the odds.
''And I think that we need to clamp down on micro-betting because the potential for harm, the potential for corrupting outcomes is just enormous.''
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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