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

eBay Bids on ‘TRUMP’ Taj Mahal Letters Go Above $7000

eBay Bids on ‘TRUMP’ Taj Mahal Letters Go Above $7000

The highest bid on eBay for letters that once spelled “TRUMP” on the outside of the Taj Mahal Casino in Atlantic City has reached just over $7000.

CCTV Footage Shows Deadly Assault of North Korea Leader’s Gambling Loving Bro

CCTV Footage Shows Deadly Assault of North Korea Leader’s Gambling Loving Bro

CCTV footage purportedly showing the deadly assault in Malaysia on the half-brother of North Korean leader Kim Jong Un by a woman - WATCH IT HERE

Betting Control, Licensing Board Rejects Tax Proposal in Kenya Online Gambling Bill

Betting Control, Licensing Board Rejects Tax Proposal in Kenya Online Gambling Bill

The Betting Control and Licensing Board in Kenya shot down a draft bill proposed to collect taxes on Internet gambling activity in that nation.

Leniency Considered for Mobster Convicted in Genovese Social Club Case

Leniency Considered for Mobster Convicted in Genovese Social Club Case

A Brooklyn federal judge is considering allowing a convicted mobster-turned-model prisoner an early release.

Fight at Newly Opened Casino Over Sexual Foursome Leads to Arrests

A fight over how many people should partake in a sexual romp resulted in the arrest of a Massachusetts casino at the newly opened Rivers Casino and Resort in Upstate New York.

Syndicate