User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
 

 New Sweeping for Australian Gamblers

 New Sweeping for Australian Gamblers

Australian Ministers on Thursday reached an in-principle agreement on the reforms, some of which will be implemented as early as July.

Included in the 11-measure package is the establishment of a national self-exclusion register, as well as a voluntary pre-commitment scheme which will allow players to set their own spending limits.

There will also be a ban on betting companies offering lines of credit. Operators, meanwhile, will be required to send activity statements to their customers to help them better track gambling of casino spending.

It will also be prohibited for any gambling of casino company to have any link to payday loans companies.


This is the new National Consumer Protection Framework, into which state and federal governments have plowed $3 million in investment. Much of that sum will go towards the establishment of a national gambling research model to help better understand the social impacts of gambling and how it can be more effectively regulated.

“Many Australians enjoy a punt and the agreement today paves the way for stronger protections for them,” said Human Services Alan Tudge, who spearheaded the reforms. “The rate of problem gambling online is three times higher than elsewhere, and online wagering is growing by 15 per cent per annum. In the future, more problems will come from online punting unless we have better protections in place.

“We’re hopeful that these measures will have a profound impact and people will still be able to enjoy a bet, but have greater control and less chance of getting into trouble,” Tudge explained. “With online wagering growing by 15 per cent per annum, the gambling problems of the future will be in this area if we don’t take sensible action now.”

Tudge also said he would work with the gambling, financial and telecoms industries to explore the feasibility of ISPs blocking unlicensed operators and of financial institutions blocking gambling transactions.

The reforms are part of a larger drive not only to protect consumers but also to make it more difficult for unlicensed offshore companies to target Australians.

The country’s parliament is shortly expected to rubber-stamp something called the Interactive Gambling Amendment Bill, a well-meaning piece of legislation that has the unfortunate side-effect of banning online poker.

The act will clarify that only operators that are licensed in Australia will be permitted to offer gambling over the internet to Australian citizens.

But since the country does not license online poker, just sports betting, respectable online poker operators have little choice but to leave the market.

That will leave Australian Online Casinos exposed to the unlicensed, offshore market that cares little for the country’s domestic laws, which is exactly the state of fairs its politicians are trying avoid.    

Related articles

System to Win at Roulette
In reality, winning gamblers at real money casino win because they know the few sacred principles of gambling and they...
ONLINE SLOT TIKI PARADISE FROM PLAYTECH
One of the largest gambling casino developer Playtech proudly announced the launch of a spectacular new slot game Tiki...
Rules of the Game Baccarat
Baccarat is an intriguing game of chance. Live casino and online casino offer this game to their clients. Player...
Most Expensive Poker Chip Worth $ 7.5 Million
The Guinness World Record for most valuable poker chip was installed Toronto jeweller Gerald Lewy. The poker chip...
Baccarat Glossary
Baccarat is one of the most popular table games of prestige and elegance that often takes place in the online and live...
Bitcoin Online Casinos are Safe
Bitcoin resolves a lot of the problems that surround gambling online. It allows players to gamble completely...