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TABCORP WANTS LIVE BETTING FEDERALLY REGULATED
03/16/2012 : Live betting on sports is here to stay, says Aussie gambling group chief
David Attenborough, chief executive of the Australian betting group Tabcorp, says that live betting on sports is here to stay, and the federal government in Australia needs to do more to regulate it.
Attenborough was speaking to the American Chamber of Commerce in Australia when he made the call Friday, revealing that the federal government was examining the issues of broadcasting odds during live events and the provision of live betting over the internet, among other matters.
Currently, consumers can bet on live sporting events over the phone but not over the internet.
"Despite this prohibition, a number of wagering operators have offered live online betting to their Australian customers," Attenborough claimed without naming names. "We are not aware of any of these operators being prosecuted for breaching the Interactive Gambling Act."
Attenborough distinguished his company from such operators, saying that Tabcorp complied with the law, but was disadvantaged in so doing by competitors who appeared to defy gambling regulations with impunity.
It was therefore necessary for the federal authorities to introduce consistent national laws that would provide a level playing field for all companies involved in the Australian betting industry, he opined, adding that betting on sports was becoming "part of everyday entertainment."
This trend was boosted by advances in technology, especially in mobile devices, which made all transactions, including wagering and exchanging information, easier and faster, he said.
The Tabcorp executive revealed that his group would at some future stage like to enter Asian gambling markets, but due to complexities in culture, religion and law it may be a better idea to follow rather than lead.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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