BETFAIR AUSTRALIA MISSES PROBLEM GAMBLING RED FLAGS & MUST REFUND $150,000

Northern Territory Racing Commission orders Betfair Australia ordered to refund A$150,000 to problem gambler.
09/11/2018
  • UK sports minister resigns in protest at gambling reform ‘delay’

    LONDON (Reuters) – British sports minister Tracey Crouch resigned from government on Thursday, accusing it of delaying a proposed reform of gambling regulations. The government is to cut the maximum stake on fixed-odds betting terminals (FOBTs) from 100 pounds ($130) to just two pounds, but announced this week the...
  • UK government announces plan to increase taxes

    UK.- The UK gambling industry has been waiting for new regulations for quite some time, especially for fixed odds betting terminals (FOBTs). Chancellor Philip Hammond was pressured for months to announce a decision on when the reduction would take place, and he has now revealed that besides pushing the...
  • How States Are Spending Their Sports Betting Tax Revenue

    As states across the country are discussing legal sports betting, there has been much ado about sportsbooks operating on thin margins, which is news to a lot of lawmakers. By most accounts, a sportsbook earns between $1-$2 in net revenue from every $100 bet after all the money is divvied...
  • Gambling adverts are ‘out of control’ and should be banned before the 9pm watershed, says Ladbrokes boss

    Kenny Alexander, chief executive GVC Holdings – the owners of Ladbrokes Coral – is set to call for a ban on gambling adverts before the 9pm watershed at a parliamentary launch this week. Ladbrokes boss calls for gambling advertisement ban before 9pm watershed Kenny Alexander said amount of ads...
  • Rank Group fined £0.5m for failing to stop gambling addict

    Online gambling operator Rank Group has been slapped with a £0.5m fine for failing to follow Gambling Commission rules on dealing with problem gamblers. An investigation by the commission found that the London-listed outfit had failed to interact with a gambler who was displaying problematic behaviour, contacted him during a self-exclusion...
  • NFLPA has issue with not being involved with gambling framework

    The NFL’s logic is fairly simple — even if it’s incorrect. The NFL doesn’t want players involved with anything that even has a whiff of gambling. After all, if players were involved with gambling it could affect the integrity of the game. Well, the NFLPA has heard the NFL’s...
  • Report: Ireland to double gambling tax to 2% of turnover

    The Republic of Ireland is reportedly making good on its threats to double gambling taxes as the government attempts to balance its financial books. On Tuesday, the Irish Examiner reported that Ireland’s government would hike gambling taxes from their current rate of 1% of betting turnover to 2% when Finance Minister Paschal...
  • Gamblers do not have to repay credit card transactions for illegal gambling: German court

    In a significant development, a German court in Munich has ruled that gamblers who used credit cards to perform gambling activities with an illegal online gambling website need not have to repay the credit card companies for these specific transactions. The court is basically putting the onus checking the...
  • UK betting firms face complaints deadline and ads crackdown

    Betting firms face a crackdown on breaches of advertising rules and consumer law in a drive to ensure fairer treatment for gamblers. From October the Gambling Commission will have powers to impose unlimited fines for promotional campaigns that appeal to children or glamorise gambling. The watchdog will also introduce an eight-week...
  • Bookmakers land £1bn tax rebate in fixed-odds betting VAT

    Bookmakers are in line for a £1bn tax rebate after a court ruled they were wrongly charged VAT on revenue from controversial fixed-odds betting terminals (FOBTs). The finding, in a case brought against HM Revenue & Customs by the high-street bookmaker Betfred, will be seen as a major victory for an...
  • Italian soccer alarmed by ban on gambling adverts

    Italian soccer’s top league has expressed “extreme worry” after the approval of a new decree that would see a blanket ban on any gambling-related advertising in Italy. The Decreto Dignita, which was approved by Italy’s council of ministers on Monday, will come into effect on January 1, 2019. All...
  • Brazil legislator: no gambling expansion talk until 2019

    Brazil’s long-expected gambling expansion will have to wait until 2019, according to a key legislator. On Wednesday, Chamber of Deputies president Rodrigo Maia met with party leaders to discuss the country’s proposed must-pass tourism legislation, which is scheduled to be voted on next week. Deputy Heculano Passos told Games Magazine Brasil that resort casinos wouldn’t...
  • Maximum stake for fixed-odds betting terminals cut to £2

    The maximum permitted stake on controversial fixed-odds betting terminals (FOBTs) will be cut from £100 to £2, the government has announced after ministers ignored pleas from bookmakers and branded the machines a “social blight”. The Department for Digital, Culture, Media and Sport (DCMS) opted for £2 after more than a year...
  • Ministers expected to cut FOBT stakes to £2

    The government will announced its final decision on whether to curb stakes on fixed-odds betting terminals (FOBTs) on Thursday, with the maximum bet widely expected to be cut to £2. The machines have become a focal point for campaigners’ concerns about problem gambling and the potential for racking up large losses on machines...
  • Gambling Commission fines Sun Bets firm over ‘piegate’ incident

    The betting firm behind last year’s “pie-gate” controversy has been fined and told it risks losing its licence for its role in a publicity stunt that led to Sutton United’s goalkeeper eating a pie during a televised FA Cup tie with Arsenal. Tabcorp, which owns the Sun Bets brand,...
  • Sky Bet fined £1m for failing to protect vulnerable customers

    Online gambling firm Sky Bet has been fined £1m for allowing hundreds of potentially vulnerable people to keep betting after they asked to be barred from doing so, while sending promotional material to 50,000 more. Industry regulator the Gambling Commission said Sky Bet was guilty of failings in its self-exclusion...
  • Gambling Commission considers ban on credit card betting

    The Gambling Commission is considering banning people from using their credit cards to place bets. The regulator said on Monday gambling on credit cards “increases the risk that consumers will gamble more than they can afford” and it would “consider prohibiting or restricting the use of credit cards” in order to...
  • Gambling Commission recommendations may have significant impact on punters

    When the Gambling Commission published its long-awaited review of gaming machines and social responsibility measures last week, the final document ran to nearly 50,000 words. Yet the news reports and analysis that followed concentrated almost exclusively on a number, £30, which was taken by some at least to be the...
  • William Hill fined £6.2m by Gambling Commission

    Betting group William Hill has been fined £6.2m by the gambling industry regulator for failing to protect consumers and prevent money laundering. The Gambling Commission said that over the two years to August 2016, the company failed to spot obvious signs of problem gambling, and in doing so breached anti-money laundering and social...
  • Foxy Bingo owner fined £350,000 for misleading ads

    GVC, the online gambling firm behind Foxy Bingo, has been fined £350,000 for “repeatedly misleading consumers” with offers of free bonuses, on the same day that regulators announced a crackdown on gambling adverts. The fine comes as GVC is in the process of taking over Ladbrokes in a deal worth...
  • No more bets?

    Because I have lived in Sweden for several years, served as Malta’s Ambassador to Sweden for four years, speak Swedish and have worked for a Swedish multinational, I regularly follow Swedish news and economic and legal developments. In the last part of 2017, I was following the proposal for...
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