Australian Regulations Change
Betfair has already been able to start their online casino operations in
Australia according to the latest news. Ever since they started, they are
growing stronger by the day too. Alongside Sportsbet, the companies are teaming
up together to help raise awareness in the government about some of the
regulations that must be removed in order for players at the online casinos to
flourish, especially with in-play punters and other interactive internet games
set-up. Sportsbet wants the regulation to be changed, particularly allowing bets
after an event has already started.
In Australia, betting after the event has already started is readily available
through mobile devices and some online casinos across the country. However,
online casino sites in Australia are not authorized to offer bets after an event
starts, and because of this, Aussies are then forced to place their bets through
unauthorized, off-shore sites - which is the main reason why Sportsbet and
Betfair wants the Australian regulations be changed.
Betfair was also invited to share their review of Interactive Gambling Act of
2001. As for Betfair, this will help regulate and monitor internet gambling
activities within the country and this way, they will be able to give attention
to social betting problems. In addition, this can also offer the consumers
updated protection and the levy revenues might as well be circling in Australia
only, funding organizations that focus on the social problems and research
studies. Through this, the online casinos in Australia will be able to compete
with other firms outside Australia in a fair play. Tabcorp also supports the
idea that the Australian regulations should changed so that the players are able
to play securely and safely. And besides, $1 billion is spent yearly for
internet gaming off-shore and that should be harnessed within the country. |