Australia Cracks Down on Online Gambling

The authorities in Australia have implemented strict measures against internet wagering. In 2016, they enacted numerous revisions to their gaming regulations. Concerns arose regarding various legal ambiguities, particularly concerning online card games and in-play sports betting. Months of deliberations ensued, with some lawmakers advocating for even stricter regulations. They contended that Australian citizens required safeguarding from offshore gambling platforms. Conversely, others deemed it excessive, highlighting the accessibility of poker within Australia through numerous casinos and competitions. Essentially, the government aimed to curb online gambling despite its prevalence in contemporary society.

Even utilizing a virtual private network or an overseas account, participation is still achievable,” a disgruntled participant complained. “It’s a vexing predicament.”

Leon Yelmor emphasized that although the legislation intends to reduce game manipulation by prohibiting in-play sports wagering, the modifications could have unintended consequences. “Within the United Kingdom, we possess licensed real-time sports betting companies that are subject to government taxation,” he elaborated. “In the preceding year, they yielded substantial revenue amounting to hundreds of millions of pounds. These entities also possess the capability to examine betting trends, identify suspicious sporting occurrences and actions, and monitor the flow of funds.”

Both 888poker and Vera&John have already ceased operations in Australia, and it is anticipated that Pokerstars will follow suit. These operators, it is reported, are reluctant to conduct business in “unregulated or ambiguous markets.” It is probable that a majority of prominent gaming enterprises will soon emulate their course of action.

During Amaya’s third-quarter earnings conference, CFO Daniel Sebag informed investors that the company was also contemplating a withdrawal from the Australian market. “Presently, we provide poker services in Australia and are evaluating the relevance of the proposed legislation to player-versus-player games of skill,” he stated. “Based on the existing language, should the legislation be enacted, we might restrict players located in Australia from participating.”