Australia has been embroiled in controversy regarding the legalization of online gambling in the vast nation. The offline terrestrial casinos, pubs and poker rooms are saying the online betting industry is taking a huge bite out of their business and that online wagering threatens to take over their lucrative offerings. The challenge from the growth in internet gambling and the use of smart phones has prompted some firms to take political action. SportsBet recently experienced smart mobile phone revenues increase by more than 240 per cent in the last financial year.
In a recent interview with Dr Sally Gainsbury who is from the Centre for Gambling Education and Research at Southern Cross University she explains the shift to internet wagering and how the influence of electronic gaming has come to Australia. Indicating a highly significant shift in how people are actually placing wagers in Australia as examples of corporate revenue reports indicate. Mobiles are the latest trend that has the offline casinos worried.
Tabcorp for example says that over 20 per cent of their online revenue comes from mobile use. And Sportsbet said 23 per cent of their turnover is via smart phone. Sportsbet’s mobile revenue had gained 241 per cent in the last year with 40 per cent of their customers using their smart phones to wager. When questioned about the regulatory platform and how well it is keeping in tune with the changing betting patterns by Australians Dr. GAINSBURY commented that the Interactive Gambling Act in Australia was established in 2001 so it has been obsolete for some time. The act it's currently under review and the industry is eagerly anticipating positive changes to come about.
The advent of social media gambling for real money has also come into the fray as the government regulators scramble to adjust to all the new forms of gambling presented by the smart phone and the internet. As with most governments the painfully slow process of legislation is lagging far behind the speed of technical advances in the online gambling industry.
Australian Gambling Industry Concerned Internet Betting Taking Over
One of the biggest internet gambling operators based in Malta, Mr. Green has confirmed that it has appointed Matti Metsola as the legal counsel of the company. Matti Metsola is a well known and an experienced professional in gaming law.
Mr. Green operates a next generation internet gambling casino and the company announced that Matti Metsola used to work in Finland as a lawyer who was specialized in regulatory markets. It also added that the lawyer used to work with the Unibet Group.
Matti Metsola has stated that he is very excited and glad to be joining the ranks of such a big named company such as Mr. Green. He also added that he is very glad to be working in the industry of online gambling once again.
He also stated that Mr. Green has been one of the most rapidly growing casinos in the online gambling market and that it has established itself and cemented its position in the market. He also thinks that the attention that the company pays on the transparency and the customer protection is what enabled the company to grow that fast and to establish its position in the market of today.
Mr. Green provides the players with a gaming suite that contains more than two hundred games. These games are provided by big names in the software developing industry such as Nyx, Betsoft, Microgaming IGT (Game Technology) and Net Entertainment.
Internet Gambling Mr. Green Appoints New Legal Counsel : ADI News
While it is still illegal to place wagers on certain things in the USA that doesn’t mean that companies located in the USA can’t develop games for the online gambling industry. The developers can market their products with confidence to punters in parts of the world where the activity is regulated and legal. An example of one such instance is the offerings of Big Fish Casino.
Big Fish Casino which is based in Seattle Washington USA has introduced a version of its casino gambling application to iPhone with the Apple OS for users who live in the United Kingdom where it is gaming for money online is legal. Big Fish Games has offices in the USA, Canada, and Ireland and currently has over six hundred employees. It was founded in 2002 by Paul Thelen and has a policy that allows patrons to play their games for a free to try before purchasing.
The firm’s new application will be available for iPhone users at the App Store in a short time. Big Fish has partnered with Betable Limited to process the real money bets that the gambling application will facilitate. Betable is a United Kingdom London based startup that claims it's has developed a secure way for any developer to make social gambling a reality. It has been estimated that one hundred billion dollars will be wagered on the internet with mobile devices by 2017 In 2011, 20 billion dollars was wagered on mobile devises which has significant growth potential. This kind of revenue potential is pushing developers like Big Fish to convert its applications to real money real money.
“We have a strong conviction that mobile apps that combine social and real-money gambling are a powerful way to engage more users and increase overall monetization,” said Thelen, Founder and CEO of Big Fish. “With its real-time social interaction features and the thrill of real-money gambling, Big Fish Casino is the closest mobile users can get to the buzz and excitement of playing these games in a real-world casino.”
Details of a proposal to legalize and regulate online poker, introduced by Senators Harry Reid and Jon Kyl – which they hope will pass in Congress during the upcoming lame duck session – were circulated in recent days. The four page document goes into great detail about how Democrat and Republican senators hope to see the gambling landscape change on a federal level in the United States.
Some of the key points of the proposal as follows:
* An Office of Online Poker Oversight will be created to oversee the implementation of the new law and to set and maintain standards. The office will protect minors and do all it can to prevent fraud and cheating.
* Regulated online poker will be allowed over the internet but all other forms of internet gambling will be banned.
* Licensed online poker operators will need to pay a 16% activity fee, with proceeds to be sent to states and Indian tribes.
* States and tribes will not automatically join the federal online poker framework. Instead, they will need to opt in so that residents and members can also take part in online poker.
* The new federal office will share regulation powers with at least three different entities, one of them in all probability being the experienced Nevada Gaming Control Board.
* There will be a complete blanket ban on poker cafes and other internet shops whose sole purpose is to offer internet gambling services.
Gaming consultant, Professor Joseph Kelly called the proposed bill “very far reaching.”
“It needs an awful lot of work and an awful lot of discussion,” said Kelly. “All the state entities that now are frowning on federal regulation, this will get them even angrier.
“They want Internet gaming to be a state matter,” he added. “This almost does the exact opposite.”
The Duke and Duchess of Cambridge are reportedly no longer infuriated about Catherine Middleton's nude photo scandal.
French magazine Closer printed topless pictures of Catherine while the pair were enjoying a holiday in Provence earlier this month.
A legal case was filed last week against parties involved with the dissemination of the images.
Prince William and Duchess Catherine are currently on a nine-day tour in Asia.
The couple have apparently put the controversy behind them and are attending to royal duties.
"Their motto is keep calm and carry on," a source told British newspaper the Mirror.
"They have had some time to take this in and talk it through and their anger has subsided. They have put it to bed and it has given them some closure to know legal action is being pursued."
Although Prince William and Duchess Catherine are no longer incensed, the pair intend on bringing guilty parties to justice.
"They are committed to redressing what they feel is the serious wrong done to them in what ways they can," a Palace source told the paper.
"They want to make sure French Closer and the photographer are held to account and to prevent this from happening again."
Read more: Duke and Duchess 'carrying on' - News, Entertainment - Belfasttelegraph.co.uk
Ladbrokes, bwin.party and William Hill all rose during trading today. Gaming groups were in demand as investors started the week by taking a punt on the gambling sector.
Bookmaker Ladbrokes added 5.6 to 184.1p on the FTSE 250, reaching its highest level since 2009, with one dealer saying expectations of a shake-up at its digital division, as well as lingering bid speculation, were behind the share price move. The group pledged last month to revive its digital offering after revealing in its first-half results that profits at the division had dropped to £15m from £29.7m a year earlier.
Online gambling group bwin.party was also strong and climbed 3.9 to 110.4p on the mid-cap index, having now rallied almost 17pc since it touched a record low of 91.9p on September 4. Traders were disappointed by the group’s first-half results at the end of August, but one theory for today’s rise was that the market is waiting for announcements on further share buybacks, which the company has said it is considering. Recent noises around legalising online poker in the US may also have helped bwin, analysts said. Elsewhere on the FTSE 250, investors were eyeing William Hill, which followed Ladbrokes and bwin.party higher and ended the day 6.2 better off at 319.8p.
While the gambling sector was broadly firmer, the wider market moved in the opposite direction. After surging to its highest level since March on Friday, following the unveiling of fresh stimulus measures in the US, the FTSE 100 came in on profit-taking and edged down 22.03 points to 5,893.52. The FTSE 250 slipped 35.24 to close at 12,080.88.
“There must now be a risk of anti-climax with the Fed having made its policy intentions for the coming months very clear,” said Ian Williams, a strategist at broker Peel Hunt. “Whether its targets will be met remains to be seen; the labour market indicators will become even more critical than previously.”
Read More: Gaming groups in demand as investors take punts - Telegraph
On Sept. 25, the Fool is celebrating Worldwide Invest Better Day. In this spirit, we Fools are sharing some of our best advice, tips, and, yes, cautionary stories. Sometimes, learning from someone else's mistakes is better than studying their successes.
Top growth in a top-growth industry
By 2006, the online poker explosion seemed to have no limits. Young stars made hundreds of thousands (and also lost a lot), never leaving their multiple computer screens in the comfort of their home. When the impossibly named online poker player Chris Moneymaker won millions at the World Series of Poker's headline event in 2003, the game's popularity shot into outer space.
And there was the PayPal of online poker: NETeller. Despite its less cash-intensive business model (no dealers or comely women offering free drinks to employ), unbelievable margins, and 50% to 100% annual growth rates, the stock's valuation looked incredibly cheap in my mind. Price-to-earnings and price-to-cash flow multiples for NETeller hovered in the teens at the time, whereas many growth stocks of this nature are looking at 20, 30, or 40 times earnings valuations. It was a bank with the safe left open and the alarm off all night. Who cared about Steve Wynn and his ultra-luxury Wynn Resorts (NAS: WYNN) properties on the strip, or the Bellagio, owned by MGM Resorts (NYS: MGM) , with its gaudy Dale Chihuly glass sculpture? I went all in with the largest percentage of my portfolio I had ever committed to one stock.
I didn't see risks, only dollar signs. States had long since elected legislatures that instated lotteries when financial needs pushed long-held moral objections to the side. Federal law required states with casinos to allow in-state federally recognized Indian tribes to have casinos on the same or better terms. And prevalent legal opinion held that The Wire Fraud Act of 1961 applied only to sports betting.
Read More: The Stock That Burned Me: NETeller - DailyFinance
The superstar was announced as a new judge on the TV talent show earlier this year. She joins returning judge Randy Jackson and new panelists Nicki Minaj and Keith Urban.
Although the show just got underway, there is speculation that Mariah and Nicki are not getting along whatsoever.
Us Weekly reports that the cast are in fact having a great time with one another.
"How can we feud in two days? I think a feud takes a little longer," Mariah laughed at a press conference held in New York Monday with Ryan Seacrest, Randy, Nicki and Keith by her side.
Randy agrees with Mariah. So far he's had an absolutely fantastic experience with his American Idol colleagues.
"We're having fun, dude. We've been having a good time. There has been a lot of laughs," he shared.
Nicki considers herself to be in good company. She also loves her wardrobe.
"It's wonderful, darling," Nicki said.
"I really felt like this would be something to help bring out new talent and [for me] to be a part of that. I also get a chance to wear a whole bunch of different wigs."
Read more: American Idol judges: We're not feuding - News, Entertainment - Belfasttelegraph.co.uk
Talks between Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Whip Jon Kyl (R-Ariz.) on Internet gambling laws are still at a stalemate, based on results of their latest discussions. These discussions would potentially result in tougher laws against most types of online gambling, while in effect legalizing online poker.
Reid had most recently tried to gather support from the GOP for the bill to be drafted, and had requested both Kyle and Sen. Dean Heller (R-Nev.) to help him out to this end. And although Reid had given both men a deadline of Monday to act on his request, both Kyl and Heller have been apparently stalling for time and waiting for the House of Representatives to make their move before drumming up support from the Senate. Kyl, who had drafted a law in 2006 prohibiting financial institutions from processing online gambling payments, had informed the National Journal last Tuesday that the bill would best be started in the House, then drafted by Reid and Heller in the Senate before sending it once again to the House.
Read More: Still No Resolution Reached on Online Gambling Bill
Microgaming is by far the largest and most productive supplier of online gambling software in the world. The Isle of Man located producer and developer is taking on mobile gambling with the same professional and pioneering attitude it has had since its inception. Microgaming is developing the next generation of its game offerings in the latest format to come along HTML5 which some technical experts are saying will replace flash altogether one day.
Ladies Nite and Spring Break are two new mobile casino slots and with these, Microgaming has 75 casino mobile games to offer. Spokesperson for Microgaming, Neill Whyte, commented on the new additions and the Microgaming strategy, "We are focused on creating a highly innovative and flexible offering for the mobile gaming market," Mr. Whyte, continued,"We are market leaders in mobile gaming and intend to stay in the number 1 spot by providing custom made solutions for premier brands," adding, "Our two newest HTML5 games, Ladies Nite and Spring Break are a great addition to our already large portfolio of mobile games," The capabilities of mobile devices have evolved remarkably over recent years.
From today’s high powered, graphic rich smartphones and tablets, Microgaming provides content on over 3,000 mobile devices and the group supplies mobile products to 42 leading brands. For the rest of the wide range of smartphone and tablet devices in the marketplace, such as Apple, Windows Phone 7 and Blackberry, Microgaming has also developed a suite of equally powerful games in HTML5 which is being called the new web standard that look and feel like Native applications and have all the great qualities that Microgaming software is well known for.
As more and more mobile and online browsers support HTML5 Microgaming is committed to developing a larger range of products to the expanding market. Microgaming is the biggest and will continue to be as it puts its faith in research and development of cutting edge technology.
Mark Lipparelli, the chairman of Nevada’s three-member Gaming Control Board, will step down from his position at the end of the month, the Las Vegas Review-Journal reported Tuesday.
Lipparelli has been at the helm of Nevada’s move toward the nation’s first intrastate online poker industry. Nevada officials adopted Internet poker regulations in December 2011, after years of wrestling with the idea of gambling in cyberspace.
The 47-year-old was an executive at Nevada-based companies Shuffle Master Inc. and Bally Technologies prior to becoming a state employee. He was paid about $130,000 per year as chairman of one of Nevada’s two regulatory bodies overseeing the state’s most lucrative industry. Lipparelli was appointed by the governor in early 2009.
According to the Review-Journal, he isn’t allowed to work for a gaming company in the state for one year. He told the paper that it was a “personal decision.” His term expired in December.
The American Gaming Association, a coalition of many of Nevada’s casino interests that lobbies hard on Capitol Hill, Tweeted about the news.
Captain America has a new job with perks, a spacious office and a title that others spend millions of dollars to get: Mr. President.
One of Marvel Entertainment's best-known heroes since he socked Adolf Hitler in the jaw in 1941, the sentinel of liberty will trade his New York City apartment for the White House in the pages of Marvel Comics' "The Ultimates," a series set in the Ultimate Comics universe where the U.S. has been torn apart by factionalism, out-of-control anti-mutant hysteria and outright secession.
A career soldier for whom duty trumps political parties, Steve Rogers is seen as the last hope for the country and wins election as a write-in candidate in issue No. 15, due out Wednesday, said Sam Humphries, who is writing the story line.
He called the election the next step in the character's long role as "America's defender," a job he's had since soldiering during World War II.
"Cap is answering the call of the people. This is not the first time he's stood up for an America in crisis. This is a further evolution in his role as America's defender, from soldier to superhero to president," Humphries said. "He didn't ask for this position, but if it helps him reunite America, then he'll take on the job."
Mark Paniccia, who edits the title, called it a challenge unlike any other.
"This isn't something superheroes do every day. Defeat a world-eating deity? Check. Fight off an inter-dimensional invasion? Check. Stop an alien prison break? Check. Lead the country? Wha-huh?" he said. "This is new for our hero ... and new for us."
Read More: Captain America gets new job title: US president | Entertainment | The Seattle Times
Antigua and Barbuda is threatening unspecified sanctions against the U.S. if the federal government fails to lift a trade "blockade" preventing the island from hosting Internet gambling, a top government official from the island nation said Wednesday.
Antigua Finance Minister Harold Lovell said that since 2004, the U.S. has fought, lost and now disregards World Trade Organization rulings that the federal government improperly bans banks and credit card companies from processing online gambling payments to businesses outside the U.S.
"Absent a reversal of the U.S. government's illegal blockade of legitimate commerce from our nation, Antigua is prepared to explore the right to exact sanctions on industries in the U.S.," Lovell said in a statement to The Associated Press. He did not provide specifics.
An aide to U.S. Trade Representative Ron Kirk did not immediately respond to messages about Lovell's speech.
Read more: Antigua wants US to lift Internet gambling hurdle - seattlepi-com
The European Commission is expected to delay the publication of an action plan on online gambling originally due on 26 September as officials wrangle over its content. The plan will, in any case, be only a watered-down version of what many in European Parliament hoped would be a draft directive.
The online gambling sector, which is critical of the Commission's failure to sanction EU member states that the industry claims illegally ban services, is demanding an end to what it says have been years of uncertainty. It is understood that the action plan could now be ready for October.
Currently there is no EU legislation specifically applying to the online gambling industry; a sector that generated €8.5 billion in earnings in the EU in 2010. Many national governments have opposed EU legislation because of their determination to protect betting monopolies that often generate significant revenues for the state.
When it is eventually published, the plan is expected to set out what the Commission is prepared to do in the areas of social and consumer protection, sporting integrity and fraud prevention.
Gambling companies have brought a series of complaints before the European Court of Justice about what they see as unfair treatment compared to state-backed betting opportunities, arguing that national governments are not respecting EU law on freedom of services.
Read More: Online gambling action plan delayed | European Voice
Greece will hike taxes on OPAP (OPAr.AT), the state-controlled betting agency slated for privatization, following rivals' complaints to the European Commission that tax provisions of Greek gaming legislation favored the company.
The move triggered a sharp drop in shares of OPAP - one of Europe's biggest listed gambling companies - and sent the stock plunging more than 18 percent as investors took fright at the size of the levies.
The finance ministry said on Wednesday it had agreed with the European Commission to set a new 30 percent levy on gross earnings from all its games and a flat 10 percent rate on all player winnings from January 1, 2013.
The decision brings tax on so-called land-based or offline gambling like sports betting, lotteries and slot machines, into line with levies on earnings from its online games, which were already subject to a 30 percent levy under a 2011 gaming law.
The move came after online gaming operators complained to European authorities about the favorable tax regime offered to OPAP, one of the cash-strapped government's prime candidates for sale as part of its debt-reduction drive.
A SENIOR gambling lobbyist is set to become Tony Abbott's Liberal Party boss in NSW and anti-gambling campaigner Nick Xenophon has serious concerns.
The outgoing chief executive of the Australian Casino Association, Chris Downy, is expected to nominate for and win a weekend election for Liberal branch president.
Mr Downy is an advocate of online betting, which in some cases is banned under Federal Opposition policy and which Mr Abbott has likened to a "dark cave'' where problem gamblers can disappear.
If elected he would be the most senior organisational figure in the Liberal's largest state, as well as the state which hopes to provide the next Prime Minister, Mr Abbott.
And he might make it hard for Mr Abbott to work with Senator Xenophon and Lower House gambling crusader Andrew Wilkie.
"How can you be leader of a political party and make a quid from on-line gambling,'' Senator Xenophon told news-com.au.
According to reports, various sporting clubs in the United Kingdom have entered into sponsorship deals to sponsor their football teams with internet gambling companies. For instance, Bwin.Party has entered a sponsorship deal with Manchester United and Paddy Power entered the same kind of deal with Everton. The deal that Man United has with Bwin.Party will last for 3 years. It will obligate the team to lift the name of the company during local, international and European sporting events.
The commercial director for Man United, Richard Arnold stated that Bwin.Party is a well reputed and established gambling company in the world of internet gambling in the United Kingdom and Europe. He also added that the club is more than glad to be lifting the name of the company and not only to the seventy five thousand fans that follow the matches from the Old Trafford stadium but to the world wide fan base.
Just like Man United, Bwin.Party is one of the biggest games in its market as it offers an innovate online gambling solution and an amazing gambling experience to all of its players and that it always adds and brings new products to the internet gambling market of the United Kingdom.
The Co CEO of Bwin.Party, Norbert Teufelberger stated that Man United is a big name in the world of soccer if not the absolute biggest one. The club and the football team have a huge fan base that consists of millions of fans around the world. So they would be the perfect team to be sponsored by a big name like Bwin.Party.
UK Teams in Sponsorship Deals with Online Gambling Operators : ADI News
The business of operating gambling services in the USA has its ups and downs and political hiccups every now and then. The USA defines its gambling industry in terms of taxes and jobs and in some cases the responsibility of regulation.
States that are pro gambling such as Nevada have set the pace in terms of world class entertainment coupled with legal wagering on almost anything at any time. The people that run the show in Nevada’s gambling industry are under tremendous pressure to keep the whole operation fair for all. The various competitive firms in the gambling industry there have considerable investments that have to be protected by stiff rules of conduct.
Every person in Las Vegas seems to know that the tourist playing cards or putting money into a slot machine keeps the economy rich and famous. The famous part is the interesting factor that keeps people coming back to Las Vegas many times over. The recent scandal caused by the most noble Prince Harry in Las Vegas Nevada assuredly put a boost in the city’s coffers if even just for a short while but the story will be there forever.
The industry of wagering in Nevada was developed by some entrepreneurs that hammered out deals with the government of the time and made it all very possible back when Las Vegas was just a spot in the desert. Its history is rich with the Las Vegas Valley water in big demand. The construction of the Hoover Dam created a need for entertainment and realizing that gambling would be profitable for local business, the Nevada state legislature legalized gambling at the local level in 1931. Las Vegas, with a small but already well established gambling industry, was poised to begin its rise as the gambling capital of the world. The county issued the first gambling license in 1931 to the Northern Club. Who knows it may be the online gambling capital of the world one day.
Pat Lynch, a salesman for Schell's Brewing, made history Tuesday by playing the first electronic pull-tab gambling game in Minnesota, the result of a two-year battle over how to keep the state's NFL franchise here without raising taxes.
"I'll do 20," he said at O'Gara's Bar and Grill in St. Paul. "Then I'm going to quit my donations for the day."
It's the biggest expansion of gambling in Minnesota in a generation. The games only cost a dollar or two per play, but the state is expecting revenue from the games to help pay for a new, billion-dollar home for the Minnesota Vikings. Not long after Lynch played his game, four other bars went online with the pull-tabs and gamblers were picking up iPads and plunking down their money.
Jon Weaver owns Express Games, the distributor putting out the first version of the game. His staff set up the games at O'Garas Bar and Grill and at Mancini's Char House in St. Paul, CR's Billiards in Coon Rapids, Monte's Sports Bar and Grill in Spring Lake Park, and Howie's Sports Bar in St. Cloud.
"We're up and running, and we're getting some good player response, and we're watching some of the numbers come in and we're pretty excited," he said. "We have three more that are going to be installed this week and up and running by the end of the week. And by the time the end of the month rolls around, we'd like to have 20 or 25 sites. You know, we don't want to push it. We want to take it organically. But to the extent we're organized, and the WiFi and utilities are installed, you know, we can ramp up pretty quickly."
Read More: iPad-based pull-tab gambling is up and running | Minnesota Public Radio News
Colombian pop star Shakira confirmed Wednesday that she is pregnant with top Spanish football player Gerard Pique’s baby, saying “promotional activities” were on hold to focus on her pregnancy.
“As some of you may know, Gerard and I are very happy awaiting the arrival of our first baby!” Shakira said in a statement on her website.
“At this time we have decided to give priority to this unique moment in our lives and postpone all the promotional activities planned over the next few days.”
The “Hips Don’t Lie” singer said she would not participate in the iHeartRadio Music Festival on Friday and Saturday in Las Vegas.
“But I’m sure this weekend in Las Vegas will be spectacular and I will be closely following everything that happens there!” she added.
“I’d like to thank Clear Channel and my fans for their constant love and understanding. Big kiss! And will see you very soon!”
This will be the first child for Shakira, 35, and Pique, 25, who confirmed their relationship in March 2011.
Pique, a center-back for FC Barcelona, will be out for two to three weeks after hurting his left foot in his side’s 3-2 win at home to Spartak Moscow in the Champions League, the club announced earlier.
His Twitter page featured a graphic of a pacifier, with a link to Shakira’s message.
NBC television announced Tuesday that Shakira would temporarily replace pop singer Christina Aguilera as a judge on season four of reality talent show “The Voice,” along with R&B singer Usher, who will sit in for Cee Lo Green.
Shakira, footballer Gerard Pique expecting first child | Inquirer Entertainment
In a recent interview with Dr Sally Gainsbury who is from the Centre for Gambling Education and Research at Southern Cross University she explains the shift to internet wagering and how the influence of electronic gaming has come to Australia. Indicating a highly significant shift in how people are actually placing wagers in Australia as examples of corporate revenue reports indicate. Mobiles are the latest trend that has the offline casinos worried.
Tabcorp for example says that over 20 per cent of their online revenue comes from mobile use. And Sportsbet said 23 per cent of their turnover is via smart phone. Sportsbet’s mobile revenue had gained 241 per cent in the last year with 40 per cent of their customers using their smart phones to wager. When questioned about the regulatory platform and how well it is keeping in tune with the changing betting patterns by Australians Dr. GAINSBURY commented that the Interactive Gambling Act in Australia was established in 2001 so it has been obsolete for some time. The act it's currently under review and the industry is eagerly anticipating positive changes to come about.
The advent of social media gambling for real money has also come into the fray as the government regulators scramble to adjust to all the new forms of gambling presented by the smart phone and the internet. As with most governments the painfully slow process of legislation is lagging far behind the speed of technical advances in the online gambling industry.
Australian Gambling Industry Concerned Internet Betting Taking Over