Online Casino Transfer: News - Aussie Commission Recommends Legalization

06/11/2010		Online Casino Style: News Aussie Commission Recommends Legalization - 2
Home History Games News Dictionary		continued from Aussie Commission Recommends Legalization - 1 According to a report by the Age newspaper, the federal police have gone after exactly zero of the 17 cases against internet casinos companies reported to be operating within Australian jurisdiction. Because of that reality, major internet casino companies such as Full Tilt, 888.com and even Poker Stars are becoming ever more brazen in their advertising to locals, in spite of the law. Rugby teams are carrying poker websites sponsorships and free pub poker leagues are increasing in popularity. Sports stars such as Brendan Fevola and Shane Warne are even promoting the games. The taxation implications are also a clear contributing factor as the gaming industry lawyer Jamie Nettleton laid out for the Sunday Age. It’s “…inevitable,” he said, “because it’s generally recognized that any form of prohibition is not going to work.” The fears about problem gambling are backwards, implied Betfair Australia’s chief executive officer, Andrew Twaits, explaining that with regulation, it would be much simpler to track unhealthy betting patterns and shut down access to the site if need be. But the loudest voice working against those of reason in the Rudd government is that of Senator Nick Xenophon, who will soon be introducing a bill that would prohibit all forms of gambling, this time UIGEA style, by placing the burden on credit card companies and financials. Local bans simply don’t work to stifle any of the growth, with the grand totals for bingo, poker and online casino spending to hit as much as A $968 million through the year 2010.

06/11/2010

Online Casino Style: News
Aussie Commission Recommends Legalization - 2

continued from Aussie Commission Recommends Legalization - 1

According to a report by the Age newspaper, the federal police have gone after exactly zero of the 17 cases against internet casinos companies reported to be operating within Australian jurisdiction. Because of that reality, major internet casino companies such as Full Tilt, 888.com and even Poker Stars are becoming ever more brazen in their advertising to locals, in spite of the law. Rugby teams are carrying poker websites sponsorships and free pub poker leagues are increasing in popularity. Sports stars such as Brendan Fevola and Shane Warne are even promoting the games.

The taxation implications are also a clear contributing factor as the gaming industry lawyer Jamie Nettleton laid out for the Sunday Age. It’s “…inevitable,” he said, “because it’s generally recognized that any form of prohibition is not going to work.” The fears about problem gambling are backwards, implied Betfair Australia’s chief executive officer, Andrew Twaits, explaining that with regulation, it would be much simpler to track unhealthy betting patterns and shut down access to the site if need be.

But the loudest voice working against those of reason in the Rudd government is that of Senator Nick Xenophon, who will soon be introducing a bill that would prohibit all forms of gambling, this time UIGEA style, by placing the burden on credit card companies and financials. Local bans simply don’t work to stifle any of the growth, with the grand totals for bingo, poker and online casino spending to hit as much as A $968 million through the year 2010.