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Wagering in Oz Contested

The Australian online casino betting market has made headlines lately as companies from all over the country have something to say about the situation. Many online casinos and betting shops are very positive about the slow liberalization of the Australian betting and gambling market. But opponents to the gambling industry are ready to fight the spread of land and online betting throughout Victoria, one of the more populous states in Australia. The internet casino betting industry has really had some successes lately in regards to Betfair winning the right to operate in the market and the liberalization of advertising restrictions in the Western Australia – but there is a select group of opponents firmly opposed to the continued spread and prevalence of betting within Victoria.

Victoria has been traditionally against the online casino gambling industry for quite a while now but the state had a bit of a change of heart recently and instead quietly announced that the state would legalize and license betting companies throughout the state. And while there is much opposition to the liberalization of Victoria’s online casino betting market, the new changes are actually quite conservative. Gaming Minister Tony Robinson elaborated, "The Government believes that betting exchanges, like totalisers and bookmakers, should be able to advertise, provided the advertisements conform to the Government's responsible gambling principles."

The racing industry throughout Australia has been reporting record lows in terms of wagers and betting. For that reason, successfully implementing an online casino betting industry that is partnered with the land horseracing and sports groups, could have a very positive effect on the lagging racing industry.