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Cautious welcome for Australia in-play wagering

Federal government’s Broadband, Communications and Digital Economy Department has recommended ending prohibition on live online betting subject to certain conditions.

Wednesday 30th May 2012

The Australian federal government’s Broadband, Communications and Digital Economy Department has released a review into the nation’s online gambling laws that contains a recommendation to allow in-play wagering on any platform. According to a report from The Sydney Morning Herald newspaper, betting agencies in Australia have long lobbied for the right to offer live wagers over the Internet in order to stem the tide of customers placing bets via overseas domains with the Broadband, Communications and Digital Economy Department advocating that relevant national sports governing bodies be tasked with deciding whether to allow live online wagering. In-play wagering is currently only legal in Australia via telephone or in person with the recent review also recommending a prohibition on online micro-betting markets such as ball-by-ball in cricket or point-by-point in tennis in order to help prevent match-fixing. “It's an area that we have endeavoured to put safeguards around including prohibiting certain bet types and we would continue to work with the relevant authorities,” said David gallop, Chief Executive Officer for the National Rugby League. The Sydney Morning Herald reported that sportsbetting has exploded in popularity over recent years representing a ‘lucrative area for betting agencies’ and is the fastest growing segment of the nation’s gambling industry although the sector is still dominated by slots. Peter Young, Public Affairs General Manager for Cricket Australia told the paper, “The revenue side is important and we believe anybody who's making money out of the game should recognise that by putting some of that money into the game but the gaming on cricket is nickels and dimes compared to the integrity management issue with this proposal.”

Source: OnlineCasinoNews

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