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Staying Competitive for Online Casino Sites

The Australian online casino gambling and betting industry is facing rapid changes this month as the various Australian states and territories aggressively alter existing gambling regulations in a move to compete with the new policies that have come into effect in Tasmania. The Tasmanian government made a bold move to cut the tax legislation from the licensing process of online casinos and instead charge a maximum annual fee to the gambling companies. In response to Tasmania’s policy, the Northern Territory of Australia has announced a plan to cut the existing taxes that bookies pay to the Northern Territory government to offer land and online casino bookmaking services.

The Northern Territory government, along with all of the other Australian states, are worried that the new Tasmanian laws are going to cause land and online casino gambling companies to exit the state markets and head to Tasmania for the more favorable legislation.

The bookmakers make up the majority of the gambling marketing in Australia right now and the new Northern Territory policies are designed to keep bookmakers operating locally. Locally operating bookmakers means more jobs in the region and money flowing back into the community rather than gambling funds entirely leaving the region. Even though Tasmania is not far, the Australian bookmakers are concerned that the close proximity will easily invite online casinos and bookmakers to switch to the more favorable licensing jurisdiction.

The new tax cap in the Northern Territory is a bold counter-move by the state government and a direct response to the new Tasmanian online casino gambling policies. There is every likelihood that Queensland and other Australian states will have to follow suit with similar tax changes if they hope to keep companies from shifting the businesses to Tasmania.