Posts Tagged "online gambling"

Advertisement of Live Odds has been banned in New South Wales

Advertisement of Live Odds has been banned in New South Wales

When it comes to advertising the live odds during the sporting broadcasts, regulators in New South Wales, are looking for new ways of reining to reproduce the online sports and betting and have consequently banned the activity. This means that there will be no broadcasting of the play odds like the ones that keep shifting on the scoreboard or even the ones that assist one to guess the next goal. The ban means television will have to be adjusted or dropped altogether. Troy Grant is the NSW minister for gaming and racing and made the announcement stating that the live odds were increasing the risk of dangerous gambling which is what encouraged the customers to continue chasing losses on make impulse bets. It is undeniable how the online betting market has become more competitive and people aggressively chasing shares through promotions and this is why regulation in the industry is prudent. Estimates from the monitoring firm Ebiquity on the amount being gambled online between 2010 and 2013 was close to $48m.

Samantha Thomas is an associate professor in public health from Deakin University said the ban was positive however there are still gambling advertisements being made, company logos on jerseys and stadium sponsorship which is stunting the change. Financial counseling in Australia has reported in August that there is use of aggressive marketing tactics which includes offering credit to players already in debt and others inducement through tickets to sporting events. In a case study, there was a detailed report of how a man was offered $500 in free bets and ended up gambling the proceeds from the sale of his home. In another, there was an attempted suicide of a man owing to his gambling debts. NSW is intent on taking down these tactics in the wake of December using the current ban to expand and entice bets using “credit”, vouchers or rewards to cover all “inducements”. The state waits on the results of a federal review done into online betting which is being run by Barry O’Farrell, the former NSW premier, due on 18th December in order to go forth with the curbing of online sports betting.

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Australia’s Independent Gambling Authority to review Online Gambling rules

Australia’s Independent Gambling Authority to review Online Gambling rules

The Australian Independent Gambling Authority (IGA) is determined to incorporate new rule in their new proposed set. The rules will see the banning of granting spontaneous credit to clients by online betting operators based in South Australia.

If the rules are activated, betting operators will have a hard time in having to undertake thorough checks on the credits they offer to their clients. This will be followed by a faster mode of withdrawal process with the discloser of spotter fees being incorporated too.

In any way the operators go against the new law, a fine of A$100,000 will be waiting at their door steps. This goes to the 19 licensed betting firms which offer the service and have over 74,000 registered accounts.

The Minister for Business Services and Consumers Gail Gago claimed that the new proposed rule came to being in August after a report by Financial Counseling was adamant to have an in-depth analysis on how betting sites have been offering credits to their clients.

She claimed that more often than not, these betting sites have been offering their clients with huge sums of money without considering the status of a client if he or she can be in a position of repaying it. It was also evident that there were special clients who acted as agents in luring other customers into various betting offerings with credit among them.

Ms. Gago hopes that the law would be enforced ASAP in attempt to rescue exclusive gamblers. At the same time, the IGA has accorded the betting operators to respond to the law in 28 days after which the lawmakers will enforce it and by 2016, it would be fully functioning.

TheDirector of the IGARobert Chappell commented that they are considering the report and that the seductive aspect of these online betting firms have portrayed a great threat to bettors who give in to their demands without having a second thought. He continued to claim that there is a high possibility of incorporating the proposed law as it forms the basic value and awards a bettor a freedom of choice. This would also change the behavioral pattern of these betting sites.

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Sports betting promotion in Australia to be put on check

Sports betting promotion in Australia to be put on check

Several clubs such as Essendon, Western Bulldogs and St Kilda has signed a deal that would eradicate betting promotion at the clubs and during match days in attempt to curb the influence of sports wagering among football fanatics. These clubs together with North Melbourne, Collingwood, Hawthorn as well as Melbourne Victory has signed the Victorian Responsible Gambling Foundation charter that is aimed at protecting bettors from betting associated hazards.

Stipulated in the charter, no club would allow any sort of advertisement on betting across its stadium. The Responsive Gambling Awareness week starts this Monday with Serge Sardo the chief executive at VRGF claiming that over 140 clubs based in Victoria have joined the campaign.

Nonetheless, having signed the deal, it was evident that some of its members still have poker machines in their locality. For instance, last year more than $22 million was lost by bettors in Hawthorn alone. St Kilda, Bulldogs and Essendon have had poker machines too.

However, Sardo claimed that this movement was not for the eradication of betting in the state but would aim at making sure that responsible and honest betting is conducted across all betting platforms. He added that it has been evident the crossing of the line by advertisement on betting which has reached a point of destroying the livelihoods of addicted gamblers. Nonetheless, he assured that the movement will advocated for responsive gambling in the state.

Minister for Gaming and Liquor Regulation Jane Garrett claimed that there has been an increase in the amount of advertising income by $44.5 million last year to record at $149 million. She claimed that the charter would be fundamental in educating bettors, fans as well as members of the hazards that are associated with betting.

The signing of the charter is accompanied by the opposition of the Labor government who claim that it has cut down the budget by $2 million which they claimed that was a way of underfunding the foundation. Opposition gambling spokesman Russell North claimed that this move has been attributing to the cutting of funds meant to accord assistance to addicted bettors and this is a negative aspect that inflicts more risks to bettors.

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Gambling in Ukraine to be revived

Gambling in Ukraine to be revived

A ‘Game On’ Conference meeting is scheduled to take place on the 13-14 of October this year with the aim of reviving gambling in Ukraine. The Kyiv based meeting involves global experts, captains in the gambling industry as well as top official in the Ukrainian government. The main agenda would be initiating a passage unto which betting would be brought back in the nation in a transparent way following five years absence.

Nonetheless, the reviving of the betting practices in the nation means that there will be initiation of new rules which would be followed to the letter not only by casino operators but also sports betting, online gambling as well as lottery acts. This would be fundamental in maintaining the interests of the nation as the first priority as well as putting in check the conduct taking place in accordance to the international standards. This initiative by the government will also play a key role in the affairs of the state including attraction of foreign gamblers which would boost the tourism sector as well as raising the revenue for the government.

The newly incorporated gaming industry is deemed to create more than 300,000 job opportunities in the next five years as well as bringing in extra UAH 2.3 billion as tax income in a year. The revenue can be used in other social services and the Ukrainian government would welcome such a move.

The Conference marks the start of several varieties of events with the initialization of rules of first order that would be beneficial to clients, operators as well as the government. This would be tagged along with acquiescence of the report to the Ukrainian parliament and the re-launching of the gaming industry.

Those in attendances in the conference and speakers include the Who’s Who of the Ukrainian politicians as well as global gaming industry advocates selected from various huge gaming firms. The conference provides casino operators, legislators, suppliers as well as equipment manufactures with ample time to discuss more on the future of betting in the nation.

ACE Publishing Ltd is the company that is behind the success of the conference and it is leading other companies in bringing back gambling in Ukraine.

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Metric Gaming strikes a distribution deal with Sporting Solutions

Metric Gaming strikes a distribution deal with Sporting Solutions

Metric Gaming, a specialist in real time sports wagering is pleased to announce that it has mutually struck a deal with Sporting Solution, a firm that specializes in supplying trading suppliers. The deal between these two firms will involve the distribution products.

Stipulated in the contract, the Sporting Solutions claimed that it would take the responsibilities of distributing Metric Gaming products that includes the SuperLive as well as extra betting services for the upcoming generation to all its network associates.

However, the process of distribution won’t be done for free as Sporting Solution has also claimed to have something at hand. Apparently, the distribution of these exclusive contents and pricing solutions which be fundamental for Metric as it offers its services to its clients and comes at a cost. Sporting Solution will be accorded with the license that would enable the firm dispense in-play betting feeds from Metric Gaming to its top class client territories across the globe.

Commenting on the deal, Peter Bertilsson the Chief Executive Officer at Metric claimed that the new market has given his firm some potential that would be crucial in the maximization of profits. This has prompted the firm to initiate the distribution of its legacy technology that resembles their initial sophisticated mobile podiums which has the capability of handling all in-play varieties as well as instantaneous indulgence betting opportunities that are compiled in the gambling platform. He continued to claim that the firm opted to partner with Sporting Solutions for their allegiance trust and their ability to fulfill their needs which in this case involves the access provision to fundamental network in the distribution process.

Sporting Solutions’ Business Development Director Ronnie Whelan claimed that his firm was ready and paying attention to the demands which their associates have given a first priority. He continued to claim that his company will do all it takes in providing in-play coverage, extra content, improvements and deliverance of products in a faster manner in the Metric services platform. He concluded by saying that the two firms will incorporate much effort together in the exploration of any upcoming deals in the long run.

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    Always bet responsibly and never gamble what you cannot afford. Here at sports-bettingsites.com we support responsible gambling. If you think that problem gambling is affecting you and/or those close to you you might want to contact gamcare and if you want to gain greater gamble awareness you can visit gambleaware.co.uk for more information.