Published
OnlineLegal & Regulatory

Australian legislation to limit iGaming services

Aust

australia
ralia has proposed a new regulation to limit iGaming services. Legislation would prohibit financial credits for local players at online gaming platforms, which include casino and sports betting sites.

The amendment has already been presented in Parliament and it expected to be approved later today. The new bill would handle local operations as well as off-shore gaming.

During an interview with ABC radio, Human Services Minister Alan Tudge said: “Importantly (it) bans the online gambling companies from offering lines of credit to their customers which gets people into so much trouble, having already depleted their savings account.”

This follows Australia’s recent crackdown on the gaming industry. The country has already introduced over ten measures to restrict the gaming industry, including: national self-exclusion register, ISPs or informing customers about their activity in order to help.

Only a week ago, South Spit Casino at the Gold Coast had been put on hold. Fears of the potential impact on small club owners and the local wildlife were the key issues that prevented locals from approving the development.

China-based strategic investment consortium ASF had planned an investment of AUS$3bn into the casino, which will later manage Caesars.
Premium+ Connections
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

Lynon

 
Premium

RISK

 
Premium

Revsharks

 
 
Premium

Imagine Live

 
Premium

Galaxsys

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

GammaStack

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...