Australia's Illegal $1 Billion Online Gambling Market

Despite all form of online gambling aside from sports betting and lotteries being banned in the country, Australians have still managed to wager an incredible $1 billion online this year.
Australia is currently in the grip of a ‘pokies’ or slot machine epidemic which has been causing social problems, with 15% of players or 300,000 people now considered problem gamblers.
Now, however, the Australian government is concerned that the growing illegal online gambling market could soon overshadow the country’s slot machine problem, with the government’s plans to crackdown on ‘pokies’ potentially driving gamblers online.
At a problem-gambling conference which was attended by the Federal Families Minister, Jenny Macklin recently, gambling researcher Dr Sally Gainsbury told the conference:
“It has been estimated that Australians will spend about $968 million in 2010 on illegal [overseas] sites. It is highly accessible, fast and can be played alone at home with just a credit card and unregulated sites provide few player-protection measures.”
She further added that gambling was “a very, very destructive problem” for many Australians and that the problem was likely to be compounded as global online gambling was set to increase from $21 billion in 2008 to $30 billion by 2012.
Federal Families Minister, Jenny Macklin has recently been pushing for reforms on the way slot machines are regulated, even suggesting a mandatory scheme whereby a player would register their identity and have pre-set caps on their losses. Macklin has now said she will help tackle the growing online betting problem in the coming year.
Ironically, the conference was held at the Jupiter Casino on Australia’s Gold Coast.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

Poker News
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
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to