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ACMA launches a scrutiny on possible illegal practices at JustBet’s end

Athira A

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The ACMA is a statutory authority. Photo credits: www.google.co.in
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The Australian Communications and Media Authority (ACMA) that calls the shots for the regulation of online content in the country launches a scrutiny owing to possible illegal practices at the end of JustBet, the renowned sports betting operator.

The company which offers cryptocurrency and American dollars live betting on Australian sports was registered by someone from Panama, and its IP address was traced by authorities to Costa Rica, the hub of the international bitcoin-gambling industry.

Irrespective of the fact that it was registered by the Christmas Island Domain Administration (CIDA), which is in charge of web addresses ending in .cx in Australia, the sports betting operator was unauthorised by gambling commissions in any states or local territories.

According to Tasmanian independent MP Andrew Wilkie, the website breached the federal Interactive Gambling Act that bans online gambling sites from providing unlicensed interactive gambling services, therefore, he requested to pull the plugs of the portal. CIDA opposed the request as it believed that authorities or a formal complaint from the public is needed in order to deregister JustBet.

ACMA told ABC News that the investigation into JustBet’s operations had begun as the authority had the right to apply to the Federal Court to set penalties and injunctions against those who violate the law.

A spokesperson for ACMA said:“The ACMA has published a register of interactive wagering service providers that are licensed by an Australian state or territory.”

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Australia

PlayChip Listing Confirmed on Independent Reserve

Zoltan Tundik

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The PlayChip Foundation has announced the listing of its PlayChip token on Independent ReserveAustralia’s first regulated cryptocurrency exchange.

PlayChip will be the first Australian ERC20 token and first gaming token to be listed on Independent Reserve. The token will be paired with three fiat currencies – AUD, USD and NZD, allowing for users of the PlayChip to convert directly from the token into cash following the winning and withdrawal of tokens.

The listing has been scheduled for January 2019, with a firm date to be announced prior to the end of this year.

The PlayChip will serve as a utility token at the core of an online gaming ecosystem that already consists of eight platforms. The ecosystem supports a user base of over 1,000,000 in over 70 different nations, and is on track to turn over a combined US$430m per annum.

The listing of the PlayChip by Independent Reserve is a nod to the strength of the project despite 2018 considered as a difficult year for cryptos. The Q3 report from evaluation agency ICO Rating showed that over half of the Q3 token sales in 2018 failed to raise $100,000, with only 4% going on to receive exchange listings.

The third listing announcement for the budding token before going live was hailed by PlayChip Foundation board member Daniel Simic.

“We are very pleased to strike such a crucial partnership with such a highly regarded exchange,” he said.

“Our token holders have been very vocal about their wish to minimise the steps required from converting their PlayChip tokens for cash. The process can be quite difficult for those new to crypto so it is fantastic that this process can be simplified for them.”

Independent Reserve COO Lasanka Perera noted the strength of the project and its capacity to improve the transparency and efficiency of online gaming.

“We are very pleased to list the PlayChip token on our exchange platform,” he said.

“The project has been a shining light in the token market this year. We are confident the solid business foundation behind this project will allow for it to become a highly recognisable brand in both the crypto and online gaming markets.”

PlayChip’s stated mission is to deliver the world’s biggest incentivised, blockchain-enabled sports community and gaming ecosystem. The project has received recognition throughout 2018 as the recipient of the Draper Hero’s Choice Award at the Blockchain Economic Forum in San Francisco, and was also a finalist in Token Match’s Whale Tank Event featured on CNBC’s Crypto Trader program.

About Independent Reserve
Established in 2013, Independent Reserve is an Australia’s first institutional grade cryptocurrency exchange with an orderbook enabling Australian and NZ clients to securely trade, invest and hold digital currencies.

About PlayChip
PlayChip is the Universal Gaming Token for sports betting, gaming, fantasy sports, and eSports, at the centre of an incentivised, blockchain-enabled sports community and gaming ecosystem. The PlayChip Ecosystem consists of eight partner platforms with more than a million users across over 70 countries. The PlayChip ecosystem is designed to be secure, scalable, simple to use, and fun, as well as include features to incorporate provable fairness into PlayChip transactions and the partnered gaming platforms, making it the gaming token of choice around the globe.

For more information, please visit: https://www.playchip.global/ or read the PlayChip Whitepaper: https://www.playchip.global/wp-content/uploads/2018/08/PlayChip-Technical-Whitepaper.pdf

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Australia

TAB brand replaces UBET across Australia

Niji Ng

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TAB brand replaces UBET across Australia
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Tatts-Tabcorp, Australia has revealed that they are ditching the UBET in favour of the new TAB identity on Monday.

Rebranding to TAB will impact websites and 1300 UBET retail outlets in Queensland, South Australia, Tasmania, and the Northern Territory, where Tatts held exclusive retail betting licences.

The new brand is already in use in Victoria, New South Wales, and the Australian Capital Territory as per Adam Rytenskild.

“UBET has been in decline for some time – at least five years,” Rytenskild told local reporters. “This is a really important milestone for us, putting our brand into those states.”

Rytenskild said this week’s move from UBET to TAB was the “first customer-facing” initiative to be executed so far in the task of merging the Tabcorp and Tatts businesses.

Tabcorp has said that UBET customers will remain on a separate technological system to TAB customers until after the 2019 spring racing season, when they would be migrated onto TAB’s platforms.

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Australia

Jumbo Interactive appoints Giovanni Rizzo as director

Niji Ng

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Jumbo Interactive appoints Giovanni Rizzo as director
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Australia-based lottery distributor Jumbo Interactive Limited has inducted Giovanni Rizzo to its board of directors. The appointment will come into effect on 1 January 2019.

Rizzo has 14 years of experience with the Tatts Group Ltd, where he was involved in activities from establishing the gaming operations in South Africa and managing this for 6 years to the last 5 years as Head of Investor Relations in Australia. He has in-depth leadership expertise in the gaming/lottery market, investor relations, financial and operational management, and corporate/strategic development, and will assist Jumbo’s growth plans for its lotteries business in Australia and expansion plans for its burgeoning software licence business both domestically and internationally.

Rizzo said ” I am excited to be joining an innovative, growing company like Jumbo, and to use my experience in the industry and other areas, to potentially enhance the shareholder value of Jumbo.”

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