Hopefully the attack on the gaming machines spreads to other venues.
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Be devastating if this spread to the Tasmanian branch of the ALP…
This would be terrible, and I think not in the national interest and that the Treasurer should block Entain / Ladbrokes buying the TAB business. The television spruiking by this company is offensive, as are the A-Frame signs they have outside newsagents.
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UPDATE 23/7: the merger bid is off.
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From one industry devoid of ethics to another!
The cause of TAB’s betting meltdown on the final day of Melbourne Cup carnival in November last year has been revealed.
The final report by commissioner Ray Finkelstein recommended Crown Melbourne should be given a two-year grace period under the control of a “special manager” to correct an “alarming catalogue of wrongdoing”.
At the end of the grace period, the special manager will recommend to the regulator whether Crown should keep its Victorian casino licence.
The regulator will then have to decide whether it is “clearly satisfied” that Crown Melbourne has returned to suitability.
Former IBAC Commissioner Stephen O’Bryan QC is to be appointed as the Special Manager overseeing the casino operator, if new legislations are passed by the Victorian Parliament.
The full report is available here
I think WAs royal commission will likely return a similar result.
The 55 women, who range in age from 18 to 84, all exercise at Curves in Beldon in Perth’s northern suburbs. Gym owner Sue organised the syndicate.
A six-month investigation by The Age and SMH has found that Stake dot com, a crypto casino based in Curacao in the Caribbean, has very close ties to Australia. The article reveals that the casino’s founder is 26-year-old Edward Craven, a shareholder of Melbourne-based start-up Easygo. A regulatory loophole allows gambling companies to run their operations from within Australia, as long as their services and advertising never reach players and punters based here.
ACMA blocks more illegal gambling and affiliate marketing websites
The sites include:
- Golden Lady Casino
- Casino4u
- Spin Samurai
- Axe Casino
- Lucky Dreams
- Comet Room
- Paradiso Room
- No Deposit Friend
- No Deposit Bonus Blog
- Casino-On-Line
- Online Casino Australian
- Casino Shortlist
- Australia Casino
- Aus Casinos
The NSW Crime Commission will hold an inquiry into money laundering in pubs and clubs around the state, with public submissions open until January 28 (next year).
The problem is not gambling and online casinos, if adults do not know how to manage their finances it is entirely their own problem. Banning gambling is as stupid as banning alcohol or nicotine, it will not solve the problem of addiction.
Unlawful spam costs Sportsbet $3.7 million in penalties and refunds
Sportsbet Pty Ltd has paid a record infringement notice of $2.5 million and has committed to refund customers around $1.2 million after breaching Australia’s spam laws.
An Australian Communications and Media Authority (ACMA) investigation found Sportsbet sent more than 150,000 marketing text messages and emails to over 37,000 consumers who had tried to unsubscribe. Sportsbet also sent over 3,000 marketing texts that had no unsubscribe function.
The marketing texts and emails from Sportsbet, sent between January 2020 and March 2021, either offered incentives to consumers to place bets or contained alerts about upcoming races.
ACMA Chair Nerida O’Loughlin said the scale and duration of Sportsbet’s conduct was deeply concerning, particularly given the potential harms involved with gambling.
“We received complaints from people stating they were experiencing gambling-related problems and were trying to manage the issue by unsubscribing from Sportsbet’s promotions,” Ms O’Loughlin said.
“Sportsbet’s failures in this matter had the real potential to contribute to financial and emotional harm to these people and their families.”
In addition to the largest penalty given by the ACMA for breaches of spam laws, the ACMA has accepted a comprehensive three-year court-enforceable undertaking from Sportsbet. The undertaking commits it to appoint an independent arbiter to oversee a compensation program to refund customers who lost money on bets made associated with the spam, which is expected to total around $1.2 million.
The undertaking will also require Sportsbet to appoint an independent consultant to review its procedures, policies, training and systems, and implement recommendations from the audit.
Ms O’Loughlin said she was disappointed Sportsbet did not act as soon as they were aware of the problem.
“The ACMA contacted Sportsbet on several occasions leading up to the investigation to let the gambling provider know it may have compliance problems and it failed to take adequate action,” she said.
“Sportsbet is a large and sophisticated company which should have robust systems in place to comply with spam laws and protect the interests of its customers.
“We will be actively monitoring Sportsbet’s compliance and the commitments it has made to the ACMA,” Ms O’Loughlin said.
Over the past 18 months businesses have paid nearly $3.4 million in ACMA-issued infringement notices for breaking spam and telemarketing laws. The ACMA has also accepted 13 court-enforceable undertakings and issued seven formal warnings to businesses.
Next Thursday’s $120 million jackpot is the largest Powerball prize the game has offered for more than two and a half years.
The Lott spokesperson Matt Hart said he expects there to be huge demand for tickets.
“In September 2019, the game soared to a historic $150 million and we haven’t seen it climb past $80 million since… until now,” he said.
UPDATE 25/2: the first division prize pool eventually went up to $126,618,113.96, the second highest jackpot in Australian lottery history. There were two winners in Thursday’s draw, one each from NSW and WA (a 250 member syndicate from Kalgoorlie).
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