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Illegal Overseas Gambling Sites Not Worth The Risks

George Miller

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Illegal Overseas Gambling Sites Not Worth The Risks
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The NSW Office of Responsible Gambling (ORG) has urged people not to gamble using overseas gambling sites such as casino games and slot machines.

Director of ORG Natalie Wright said that with many sports suspended, and pubs, clubs and casinos temporarily closed, there is a risk that more people will turn to these sites that are not regulated.

“Overseas gambling websites are illegal in Australia, and people who use them face additional risks than when they gamble with a licensed Australian operator,” Ms Wright said.

“Some of these sites look legitimate, and they even look like they are Australian by using images such as the Australian flag and native animals.”

As these companies are located offshore, players are at a high risk of not seeing their money again.

“These sites are illegal under the Commonwealth Interactive Gambling Act 2001, and because they’re not regulated, there are no safeguards to protect people,” Ms Wright added.

Under the legislation, the Australian Communications and Media Authority (ACMA) has the power to ask internet service providers to block overseas gambling sites operating illegally in Australia.

Common risks associated with overseas gambling sites include:

  • not being able to access winnings
  • winnings or credit disappearing when operators shut down or move
  • operators withdrawing additional funds from players’ bank accounts without approval.

Illegal overseas gambling sites can include:

  • casino-style games
  • slot machines
  • scratchies
  • betting on the outcome of lotteries or keno (‘synthetic’ lotteries)
  • services that provide ‘in-play’ betting on sports events
  • wagering services not licensed by an Australian state or territory.

“For people that do want to gamble online, you should only use services licensed in Australia, as there are consumer safeguards in place and responsible gambling options, such as the ability to set time and expenditure limits,” Ms Wright said.

The NSW Gambling Helpline and online treatment and support services remain available 24 hours a day, seven days a week and can be reached on 1800 858 858 or gamblinghelp.nsw.gov.au.

More information about illegal overseas gambling websites:

www.responsiblegambling.nsw.gov.au/about-gambling/gambling-on-overseas-websites

More information about gambling online:

www.responsiblegambling.nsw.gov.au/about-gambling/gambling-online

To report an illegal operator please visit ACMA’s website:

https://www.acma.gov.au/protect-yourself-illegal-gambling-operators

Australia

Australia’s COVID-19 Lockdown Gives Windfall to Gamblers

Niji Narayan

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Australia’s COVID-19 Lockdown Gives Windfall to Gamblers
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The lockdown in Australia due to the COVID-19 crisis has given gamblers an unexpected windfall.

Facilities that offer electronic gambling machines have remained closed because of restrictions designed to slow the spread of the virus.

“That means that Australians are saving one billion U.S. dollars a month. And that is money that is appearing in people’s bank accounts and they are able to pay the bills and put food on the table, and for many people who are gambling heavily, this has come as a huge relief,” Tony Mohr, executive director of Alliance For Gambling Reform, said.

Australians lose more money to gambling than people living in any other country, almost 25 billion Australia dollars (about 16.3 billion U.S. dollars) a year. More than half of that money is pumped into electronic gambling machines.

“A woman at Easter had told me that she had money to buy Easter eggs for her children without trying to work out where to get the money from for the first time in years,” gambling reform advocate Anna Bardsley, who had a 10-year addiction to electronic gambling machines, said.

“The time is a huge loss to me. I’ll never get that time back and time that I could have been doing much better things, time that I should have been spending with my children. It was such a huge waste of time,” she said.

The shutdown has hit Australia’s gambling industry hard financially.

NSW Clubs, which represents more than 1200 facilities in New South Wales that offer electronic gambling machines, has reportedly estimated a loss of more than 35,000 jobs.

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Australia

Australia’s ACMA Moves to Block 10 More Illegal Gambling Websites

Niji Narayan

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Australia’s ACMA Moves to Block 10 More Illegal Gambling Websites
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The Australian Communications and Media Authority (ACMA) is set to request Australian internet service providers (ISPs) to block 10 more illegal offshore gambling websites.

The sites to be blocked are Grand Fortune Casino, Raging Bull Casino, True Blue Casino, Free Spin, Two Up Casino, BoVegas, Cherry Gold Casino, Slots Empire, Red Dog Casino and Wild Joker.

ACMA received over 30 complaints about these services that are accessible in Australia. ACMA’s investigations found that these sites breach the Interactive Gambling Act 2001.

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Australia

Aristocrat Prices New US$500 Million Term Loan B Facility

Niji Narayan

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Aristocrat Prices New US$500 Million Term Loan B Facility
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Aristocrat Leisure has priced a new US$500 million term loan to strengthen the group’s liquidity and balance sheet.

Aristocrat said the proceeds of the loan will be used for general corporate purposes and was strongly supported by existing and new investors. The maturity date of the loan is October 2024.

“We are very pleased with the outcome of this debt raising which was significantly oversubscribed. The TLB market continues to provide Aristocrat with flexibility and competitively priced debt on a covenant light basis and we are grateful for the ongoing support of this important debt market,” Julie Cameron-Doe, CFO of Aristocrat, said.

“The transaction is part of our ongoing strategy to further enhance our liquidity, continue to invest for growth and position the group to emerge strongly from the current COVID-19 related challenges,” Julie Cameron-Doe added.

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