Australia misses opportunity to take online gambling lead

Australia’s recent review of online gambling was a missed opportunity to take the regulatory lead in the Asia Pacific region and may even contribute to growth in illegal offshore betting if its recommendations are implemented, industry experts say. With Australia’s 2001 Interactive Gaming Act becoming increasingly challenged by new technology and changes in customer preferences in gaming, the federal government last year commissioned a review that was meant to address the perceived shortfalls of the increasingly out-dated law. The 2001 Act, implemented at a time when online gaming was in its relative infancy, failed to address the use of new technologies. The review was expected to bring the regulations up to  date and at the same time explore measures to combat the increasing leakage of taxable revenue to offshore operators. Instead, critics say, the timing of the review – which falls in an election year – contributed to it being hijacked by...

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