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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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