Australia to Seriously Consider Legislation of Online Gambling
July 3, 2012
The Australian government is likely to soon start making more of an active effort to look into a recent report which calls for a more liberal stance towards online gambling laws. This is according to Gaming Club, which is a trusted and well-known name within the online gambling industry.
The latest revelation comes as welcomed news by both players and operators who recognise that if this is true, and legislation is passed, it could ultimately make way for a secure online gambling environment in Australia. Players would finally have a regulated industry that they could trust. This would also pave way for much needed player protection and various new online gambling options would also become available for players.
In addition to what is already available, players would notice more online gambling services such as live in-play betting. This service is currently only legal with the use of a mobile device. The proposal could also lead to the complete legalisation of online poker tournaments.
The current online gambling laws in Australia appear to be in a state of limbo. Although it is illegal for gambling operators to offer their services to Australian punters, it is not actually illegal for players based in Australia to play online casino games. It is also currently legal to place a sports bet online.
The current estimate is that Australian online gamblers are spending approximately AU$1 billion per years in real cash wagers at largely unregulated gambling portals or at sites such as online casinos that tend to operate from offshore locations.
Official bodies are now calling for the complete legalisation and therefore regulation of online gambling, which directly opposes the 2001 Interactive Gambling Act. This gambling act doesn’t allow online gambling. Through complete regulation, Australian players will have the utmost protection and it would also mean that the money currently wagered by Australian players would no longer be filtered to other counties, as the gross revenue would remain within Australia.