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Safeguards in Online Gambling best way to stop problem gamblers
12/13/09 - Betfair's Aussie chief executive, Andrew Twaits, spoke up for online gambling this week in giving testimony before the Australian Productivity Commission in Melbourne.
Addressing the subject of problem gambling, Twaits said: ''I think what we as an industry need to do is to provide the safest platform that we possibly can. Having the right sort of safeguards in terms of loss limits and deposit limits is the best way of preventing problem gambling.''
Twaits was upfront with the Commission, saying that while he supported a liberalisation of online gaming laws, ''I can't sit here and tell you there won't be more problem gamblers created through online gaming or online wagering."
The Commission is tasked by the Australian government with investigating gambling in the country, and in October this year made headlines by recommending that the federal government ''initiate a process for the managed liberalisation of online gaming'' .
''Whilst it is probable that this ban [on internet gambling operators] reduced the growth of online gaming, it is clear that international sites are being increasingly accessed and the Australian ban has limited utility,'' the commission's draft report found.
It is not illegal for consumers to access and use internet casino gaming products in Australia, but it is illegal for an operator to offer them to Australian customers. Online wagering on horse races and sports betting is not restricted.
It has been estimated that Australians already spend A$790 million a year on overseas gaming sites.
''Clearly the vast majority of consumers want to engage, or they are engaging, in poker in pubs and clubs … this [Internet gambling] is just another channel of distribution,'' said Twaits.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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