Former NSW premier Barry O’Farrell has been appointed the chief executive of Racing Australia, local media reports. Mr O’Farrell will replace Peter McGauran as the head of the horse racing industry’s peak body on an annual salary of A$350,000. Mr O’Farrell was most recently known for his inquiry for the federal government into online betting, […]
The Australian federal government has released its response to the O’Farrell Review of illegal offshore wagering, ruling out any chance of liberalizing online in-play betting. In September 2015, the O’Farrell Review was convened to consider the measures available to address the activities of illegal offshore wagering operators. There had been much speculation during the course […]
Australia’s Federal Government is set to announce it will maintain its ban on online in-play betting to the dismay of wagering operators and major sporting codes, reports The Herald Sun. Human Services Minister Alan Tudge will release the long-awaited O’Farrell Review into online wagering, as well as the government’s response today. A number of consumer […]
The Australian Federal Government is likely to be disinclined to the opening up of in-play gambling in the country, local media reports, reveals The Herald Sun. Although the Government’s response to the former NSW premier Barry O’Farrell’s review of the online wagering industry is still being finalized, operators believe the Government has already made its decision. Additionally, a […]
An increasing number of Victorian Australian Football League clubs are now formally refusing to take sponsorships from sports betting agencies, according to local media. Richmond has become the seventh Victorian club to sign a responsible gambling charter and agreed to not have any commercial arrangements with sports betting companies. This leaves Carlton, Melbourne and Geelong […]
Racing Australia chief executive officer Peter McGauran, has called for a complete ban on in-play betting, both telephone and online, warning the betting method breeds corruption, according to an interview with The Australian. McGauran reportedly compared in-play betting to “mindless” poker machine gambling, and said it should be banned for all sports, including horse racing. […]
Tatts Group’s Robbie Cooke has said there is little evidence Australians have embraced live sports betting through illicit offshore websites. Former NSW Premier Barry O’Farrell is leading a review for the federal government into Australia’s online wagering sector which is looking to regulate online live betting. Earlier in December, Sportsbet warned the government that not […]
Australia’s leading sporting organizations have warned that a ban against licensed bookmakers from offering in-play betting has allowed illegal offshore bookmakers to flourish, threatening the integrity of their competitions. “Any amount of betting that takes place with offshore betting operators poses a relatively higher risk to maintaining the betting integrity of a sport when compared […]
Any persons involved in Australia’s racing industry who is suspected of placing a bet with an illegal operator can now have his or her phone and computer seized, under new laws pushed through by Racing Australia, local media reports. Persons bound by Australian racing rules includes trainers and owners, who would be subject to stiff […]
Governments from Singapore to New Zealand are concerned about their citizens betting offshore and are looking for ways to recapture, or replace, tax revenue and income for racing clubs and sporting bodies. In Australia, a government-appointed inquiry into offshore wagering is due to report this month. Singapore has already enacted legislation to prohibit its citizens from using offshore gambling operators, and the Malaysian government is also talking tough on the issue. At stake is the loss of finance for the nations' racing industries.
Following months of controversy over “in-play” bets and growing offshore wagering, the Australian government has said it will launch a review of the country’s online gambling act. Industry experts are calling on the government to avoid short-term fixes and over regulation and instead to focus on the rapidly evolving nature of the sector and the technology that drives it.