Tough Times Ahead For Australian Online Poker Players

Although Australia is a grey market as far as online gambling is concerned, over the years the industry has continued to boom on the wealthy Australasian continent. That may all be about to change, though, if the federal government succeeds in amending the country’s Interactive Gambling Act of 2001.
Introduced on November 10th, the Interactive Gambling Amendment Bill 2016 is part of a concerted effort by authorities to crackdown on international gambling companies offering their products in Australia without a license. The stakes couldn’t be much higher for those firms already flaunting the country’s gambling rules, either, as the bill envisages fining them up to $4.9 million per day for their activities, while for individuals that fine is reduced slightly to $1 million per day.
If passed, the bill will subsequently enable the Australian Communications and Media Authority the ability to impose these penalties on offenders, rather than having to rely on the Australian Federal Police for assistance. Commenting on the development, Alan Tudge, Minister for Human Services, explained:
“We expect online wagering providers to meet community expectations. The tougher laws will seriously disrupt illegal offshore providers from acting unscrupulously or targeting vulnerable Australians. The government is committed to taking tougher action against illegal offshore wagering providers and this bill does exactly that.”
One of the gambling companies already active in Australia is PokerStars, and needless to say the world’s biggest poker site has started weighing its options carefully. If the brand does decide to exit the market it will prove a huge blow to the country’s poker community, and may result in a similar situation to what happened in the USA post-Black-Friday. Furthermore, the impact may also be felt in the global market as a whole, as despite having a population of just 23 million people, Australia is one of the world’s richest countries with a GDP average of $44,073,81 per person.

Other news:   Czech Republic Struggling to Collect on International Gambling Fines

Poker News
west virginia online poker
14 Mar 2019
Online gambling could soon be legal in West Virginia as long as the state’s Governor doesn’t decide to throw a last-minute wrench into the process. House Bill 2934, which would legalize all forms on online gambling in the state, including online poker and casino gaming, passed a vote in the Senate earlier this week. The
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed