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New laws could trigger a drop in unlicensed iGaming in Australia

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unlicensed-iGaming-in-Australia New laws could trigger a drop in unlicensed iGaming in AustraliaReading Time: 1 minute

The Australian legislators have made some reforms to the Interactive Gambling Act 2001 (IGA) recently and the reforms are likely to trigger a drop in unlicensed iGaming in the country. According to the Australian Communications and Media Authority (ACMA), the unlicensed activity could come down by even 50% this year.

An ACMA revenue could also drop down to €126 million from €285 million last year. The reforms strengthened the authority’s power to act against unlicensed offshore operators. The new laws also contain provision for slapping €5 million penalties per day to offenders

“Over the past year, we’ve moved decisively to disrupt the provision of illegal offshore gambling to Australians,” – said ACMA chair Nerida O’Loughlin . “We’ve made it clear that Australia’s laws are unambiguous. If you provide prohibited or unlicensed gambling services to customers in Australia, you are breaching Australian law and we will take enforcement action,” she concluded.

The ACMA also set up an Interactive Gambling Taskforce, which is determined to educate, engage and enforce action to break down unauthorised gambling operations.

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Australia

Scientific Games reports record performance at Melbourne Cup

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Scientific-Games-Joint-Venture-Wins-10-Year-Sports-Betting-Contract-In-Turkey Scientific Games reports record performance at Melbourne Cup

 

This year’s Melbourne Cup saw OpenSports hit a peak of 35,000 bets per minute for a single operator that is now hosted fully in the cloud. OpenSports is known for powering seamless player experiences for its partner operators through its proven, reliable and scalable OpenBet platform as seen across key sporting events across the globe.

The demand through peak times during this year’s Melbourne Cup event was 35 percent higher than the maximum number of bets per minute ever seen previously on the platform in 21 years of operation.

The Melbourne Cup is Australia’s most famous annual Thoroughbred horse race. It is a 3200-metre race for horses three years old and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest “two-mile” handicap in the world, and one of the richest turf races.

Keith O’Loughlin, SVP Sportsbook for SG Digital, said, “This record performance is a great new benchmark for us and for our partners as OpenSports continues to grow. We’re capable of processing record transaction numbers, and our global customers are benefitting from the scalability of our platform.”

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Australia

Silver Heritage appoints Ben Watiwat as CFO

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Silver-Heritage-appoints-CFO Silver Heritage appoints Ben Watiwat as CFOReading Time: 1 minute

Silver Heritage Group,  has roped in Ben Watiwat as its chief financial officer (CFO). He will take charge in 5 November 2018, replacing Basil Jong.

Watiwat is currently working in SafetyCulture, an Australian venture-backed software company, he is holding the charge of head of finance and company secretary.

James Spenceley, Silver Heritage’s non-executive chairman, said: “Having worked with Ben for a number of years at Vocus, I’m delighted he has accepted this role. Ben has significant experience and skills in capital management, compliance, risk, tax and reporting. Ben will be a significant asset for the business going forward.”

“Silver Heritage has built an impressive portfolio of gaming assets across Vietnam and Nepal, including its flagship integrated resort, Tiger Palace,” said Watiwat, adding: “The business has enormous potential and I am looking forward to working with the team to capitalise on the platform they have created.”

Source: FocusGN

Source: Latest News on European Gaming Media Network

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Australia

Australian gambling companies spend more for advertising

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Australian-gambling-advertising Australian gambling companies spend more for advertisingReading Time: 1 minute

According to Standard Media Index figures in Australia, gambling companies are spending more for advertising. The spend for gambling advertising has risen by 26 per cent to $140 million this year till July. This increase is despite stricter restrictions, especially about when gambling ads can be shown on TV and online, were introduced this. There was a 121 per cent growth in newspapers, 84 per cent growth in cinema, and 60 per cent growth in outdoor.

In July, gambling advertising revenue rose by 30 per cent year-on-year with lifts across TV, digital, outdoor, and radio.

“Gambling ad spend has no doubt been buoyed by the number of major sporting events in the first half of the year, and also increased competition within the sector,” SMI ANZ managing director Jane Ratcliffe told AdNews.

As per the newly introduced rules, gambling ads are banned from being shown during live sport between the hours of 5 am and 8.30 pm to protect children. Similar restrictions exist for also online betting ads as well.

Source: Latest News on European Gaming Media Network

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