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Less Online Casino Exclusivity

The Aussie online casino gambling market is one of the more controversial in the industry right now because the Aussie officials are not taking the recommendations or suggestions of any outside forces and are instead proceeding on a path that will only lead to a debacle in terms of prohibiting internet gambling sites and creating an underground market for the industry. The recent Productivity Commission report that was published and given to the Aussie officials contained a full list of recommendations and suggestions related to both the land and online casinos and how the Aussie government should proceed with regulations and legislation for the two related industries. One of the key recommendations was that the state governments end exclusivity with the land betting and gambling groups and instead create a more open global marketplace that welcomes, monitors, and controls foreign competition.

Two major Aussie companies hold exclusive licenses for the market, Tabcorp and Tatts; the Commission recommended that these licenses should not be renewed next time and the government should instead aim to have a whole new land and online casino licensing system in place that welcomes foreign competition into Australia, taxes those sites, and offers specific regulations and protections for the Aussie gambling public. The Commission’s report argues that monopolies are no longer appropriate in the current market and that a regulated market that offers competitive odds on betting as well as land and online casino gambling is more in tune with the current state of the market, technologies, and expectations.

In addition to opening the market to foreign competition it would also offer the current state licensed land betting companies to expand into new areas and enjoy a whole new stream of revenue and gamblers. This recommendation though, along with nearly all of the others, has not been followed by government officials.