Live Online Sports Betting and Poker Could Become Legal in Australia

Written by:
Nagesh Rath
Published on:
May/23/2012
Live Online Sports Betting and Poker Could Become Legal in Australia

A report in the Herald Sun on Wednesday claims that the Australia Federal Government is considering legalising live online sports betting and poker, activities that are currently banned down under.  Australia does permit phone betting and walk-in wagering.  The country is known for its popular bookmaking operations.

According to the report, local gaming sites could run trials of both forms of gambling within one year.

From The Herald Sun:

In a bid to help punters avoid unregulated overseas betting, industry sources believe online poker will be trialled for up to five years while online in-play sports betting will be approved.

In-play betting, which is currently offered in Australia only via the telephone and in person, could be a boom industry worth an estimated $300 million a year, given its easy accessibility through popular smartphone and tablet devices.

But it is at far more risk to corruption because it involves fluctuating odds during matches for final results and individual events and may also undermine the government's tough stance on advertising betting during sports telecasts.

Earlier in the month, Merrill Lynch gaming analyst Mark Bryan wrote in a letter to his clients:  

"In-play live online betting: Many in the industry indicated that they expect this to be legalised alongside poker in the next six-12 months following overseas precedents," Mr Bryan wrote.

"It seems (Communications Minister) Stephen Conroy's department recently provided a brief on draft legislation."

Online poker would also factor into the new scheme.  Australia is host to one of the world’s richest poker tournaments, The Aussie Millions.  The World Series of Poker also announced plans to begin holding a yearly tournament in Australia.

- Nagesh Rath, Gambling911.com

Gambling News

Former Fugitive Linked to 1995 Gambling Murders Finally Convicted

Former Fugitive Linked to 1995 Gambling Murders Finally Convicted

A fugitive who was finally captured and arrested after being on the run for 16 years has now been charged with first-degree murder.

Court Reinstates Convicted Mobster's 40-Year Sentence

Court Reinstates Convicted Mobster's 40-Year Sentence

The Second Circuit Court of Appeals ruled Thursday that U.S. District Judge Edward Korman overstepped his authority when he reduced sentence

FA ends deals with gambling firms including Ladbrokes

FA ends deals with gambling firms including Ladbrokes

The Football Association has ended all sponsorship deals with betting firms following a three-month review process.

Gambling Market in APAC 2017-2021: Top Drivers and Forecasts

Gambling Market in APAC 2017-2021: Top Drivers and Forecasts

Technavio market research analysts forecast the gambling market in APAC to grow at a CAGR of more than 7% during the forecast period, according to their latest report.

11 Advantages of using Real Bookies Pay Per head Bookie Software

11 Advantages of using Real Bookies Pay Per head Bookie Software

Being a local bookie or an online bookmaker has so many challenges that sometimes make it a frustrating job. Online Per Head Service such as Real Bookies lessen that burden and make being an agent -- FUN AGAIN.

Syndicate