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Under a new plan from an anti-gambling Aussie senator, Australian sports betting operators may be forced to refund losing bets to players! The crazy law is designed to drive all sports betting companies out of the country: Read more at the CAP Blog.
Wow, they are even starting to target sports betting now? Seems like no one is safe, even sports betting which is very popular and socially accepted. Why would the government want to attack their biggest money making streams and reduce their tax profits? Very strange indeed.
I think that the chance of that happening is between slim and none, but I would be fine about seeing it happen, since we work across a dozen different sectors with our media and new media operations. It would likely wipe out the bad apples in and around the sector, but some of the more ethical and above board companies like bwin.party digital entertainment and Virgin Games would come to terms with the Australian government, so they get their cut of the action also. Let’s see what the forum thinks. Your throw of the dice Casino Jack.
Greg Tingle
Media Man Int
Casino News Media@Nathan 227953 wrote:
Under a new plan from an anti-gambling Aussie senator, Australian sports betting operators may be forced to refund losing bets to players! The crazy law is designed to drive all sports betting companies out of the country: Read more at the CAP Blog.
There’s a lot happening in the Aussie market in regards to gambling, online and real world. There is serious talk of pushing through a bill so that the maximum bet made per spin in a real world slots machines is $1, and even putting a ceiling on how much a person can lose, before not allowing them to play.
some crackpots idea of the perfect world isnt going to change the fact aussies have gambling deep set in their blood
we’ve been hearing this rubbish for years, and all thats happened is its become more and more mainstream
nothing will change at all
cheers
“nothing will change at all”
No offense, but up until 3 weeks ago, that’s what most people in the U.S. were saying, too
But I agree that this Xenophon guy is just grandstanding. He’s clearly out to make headlines. All the same, the Aussie situation isn’t that different from the U.S. The market’s only loosely regulated, and a bit of government intervention wouldn’t surprise me too much at this point.
i disagree with the comparison to the US , it is nowhere remotely close to that.
firstly, its never been illegal to bet online here, whereas in the US it has been for many yrs. one of the reasons our books are so safe is government polciy of protecting account balances
we were actually the pioneers of online betting
the only thing that i think is coming to a head is the books are pushing the boundaries of advertising to much , like commentators on sport are now giving odds out on TV at sponsored books. this is getting some public backlash.
this will tighten in the not too distant future, but only restricting advertising, not actual betting
the pokies thing is a completely different beast. the concern there is that pensioners and those that cannot afford to live , let alone play pokies, have unlmited access to lose what they want in clubs and pubs
so they are bringing in databases for those that wish to bet a lot and machines that reduce the speed of losses (ie bets limited to micro amounts) for those that do not wish to be on a database.
@faststeady 228029 wrote:
firstly, its never been illegal to bet online here, whereas in the US it has been for many yrs. one of the reasons our books are so safe is government polciy of protecting account balances
– Australian companies which directly market / manage / own online casinos, cannot take Aussie players.
@faststeady 228029 wrote:
the only thing that i think is coming to a head is the books are pushing the boundaries of advertising to much , like commentators on sport are now giving odds out on TV at sponsored books. this is getting some public backlash.
this will tighten in the not too distant future, but only restricting advertising, not actual betting
– Wouldn’t surprise me if it follows the same path as cigarette advertising.
