Connect with us
SIS

Australia

Lottoland Sues ACMA Over Jackpot Betting

Niji Narayan

Published

on

Lottoland Sues Australian Government Over Jackpot Betting
Reading Time: < 1 minute

 

Lottoland, the Gibraltar based online gambling company, has launched legal action against the federal government for allegedly infringing the gambling laws.

This all begins when the Australian Communications and Media Authority (ACMA) made investigation on Lottoland’s jackpot betting and revealed “Several Lottoland online jackpot betting services were games of chance which are prohibited. These included the Mon and Wed Jackpot, Tue Jackpot, Thu Jackpot, US Millions, and US Power jackpot betting services.”

Lottoland’s Australian business has filed legal action in the New South Wales Supreme Court against ACMA and says “we believe their view on jackpot betting is wrong.” The company said it believed its jackpot betting products, which had been approved by Australian licensing authorities, were compliant with Australian law.

“We have worked hard to adapt to recent changes to the law, and we are committed to providing exciting new products that our customers love. By taking this stand against ACMA, we are fighting for the rights of hundreds of thousands of Australians who enjoy the occasional flutter. We are fighting for freedom of choice,” Lottoland Australia chief executive Luke Brill said.

ACMA said that Lottoland disputed its findings on jackpot betting and had launched legal action. “ACMA will not be making further comment while legal proceedings are on foot,” it said.

Continue Reading

Australia

Flutter–Stars Group Deal Gets Approval from Australian Competition and Consumer Commission

Niji Narayan

Published

on

Flutter–Stars Group Deal Gets Approval from Australian Competition and Consumer Commission
Reading Time: < 1 minute

 

Flutter Entertainment has received informal approval from the Australian Competition and Consumer Commission (ACCC) for its proposed combination with The Stars Group (TSG).

The approval from ACCC is seen as a milestone in the group’s attempts to merge with Flutter to create what is expected to be one of the world’s biggest betting businesses.

But the company said the proposed deal remains subject to approval by the Australian Foreign Investment Review Board, as well as further international regulatory bodies.

The deal was first announced in October and the combined group will serve customers in more than 100 countries.

Continue Reading

Australia

Bookies Cop NSW’s Largest Fine For Illegal Gambling Advertising

George Miller

Published

on

BOOKIES COP NSW’S LARGEST FINE FOR ILLEGAL GAMBLING ADVERTISING
Photo Source: nsw.gov.au
Reading Time: < 1 minute

 

In the biggest ever fine of its kind in NSW, Ladbrokes and Neds were yesterday convicted and ordered to pay a total of $207,500 for offering illegal gambling inducements to NSW residents.

Under current NSW law, wagering operators found guilty of promoting inducements to gamble, face fines of up to $110,000 per offence and company directors can be criminally prosecuted.

Following an investigation by Liquor & Gaming NSW, Ladbrokes, which owns Neds, was fined in Downing Centre Local Court for each of four Ladbrokes and two Neds advertisements they ran across Channel 7, Instagram and Facebook in 2018.

The advertisements offered bonus bets for a smaller deposit, such as a deal to “Deposit $50, get $250 in bonus bets.”

These bonus bets only applied to people who opened new betting accounts.

Liquor & Gaming NSW A/Director of Compliance, Dimitri Argeres, said the clear inducements to gamble and open a betting account were accessible to all users on social media.

“Inducements are known to increase the risk of gambling harm and these advertisements reached a broad segment of the population,” Mr Argeres said.

“In NSW such advertisements are restricted to registered betting account holders.

“This record fine should serve as a reminder that betting operators have an obligation to ensure their gambling advertising complies with NSW laws.

“Penalties of this magnitude are not easily absorbed into running costs.”

Under the NSW Betting and Racing Act, it is an offence to publish a gambling advertisement that includes any inducement to participate or participate frequently, in any gambling activity.

Ladbrokes and Neds have the right to appeal.

Continue Reading

Australia

GTGNetwork.com sign data and games deal with BetEasy

George Miller

Published

on

Reading Time: < 1 minute

 
GTGNetwork.com sign data and games deal with BetEasy

Agreement will see GTG Network.com deploy consumer-facing data platform with leading Australian bookmaker

Data and technology provider GTGnetwork.com (GTG) has signed a deal with BetEasy to deploy GTG’s iSport Genius product and software.
The ‘betting choice’ content-and-insights platform is designed to inform and educate customers about their choice of bet.
iSport Genius’ interactive consumer-facing platform leverages trillions of pieces of data, and via an intuitively designed interface creates a multitude of engaging calls to action and helps improve the overall experience for punters and sports fans alike.
Nathan Rothschild, co-founder and partner at GTGNetwork.com, said: “Our deal with BetEasy is recognition by another tier 1 operator of the value of our data platform and insights to sportsbooks and its customers. We’re delighted to be working closely with one of the leading operators in Australia.”
Martin Tripp, Chief Trading Officer for BetEasy said, “We’re constantly looking for ways to enhance our customers’ wagering experience and look forward to bringing this deal to life.”
Rothschild will be attending ICE 2020 before a trip throughout the US. If anyone wishes to arrange a meeting to see how GTG can enhance their sports offering, they should contact Nathan.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.