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“Because unlicensed offshore operators are not regulated to Australian standards, there are significant risks to consumers in terms of inadequate protection, as well as to the integrity of sport and racing,” says Paula Dwyer, Chairman of TabCorp.
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There is a great deal of support for the new venue from business owners across Brisbane. The Chamber of Commerce and Industry Queensland (CCIQ) has expressed its confidence that Echo Entertainment’s new venue will be a boon to the local economy. A statement from CCIQ Director of Advocacy Nick Behrens reads:
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Find out the strengths and weaknesses of individual players and of the team. You should also study how the team plays against the opposing team. Doing research on these aspects will make you more confident and assured of the bet you decide to place on rugby league.
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In addition, a nationwide law to limit withdrawals from automated teller machines in gambling areas to $250 – with the exception of those within actual casino venues – was planned for the beginning of February 2014, but has now also been scrapped by the
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Under current NSW law, online betting sites are prohibited from advertising bonuses or offers that might be accessible to residents of New South Wales. Similar prosecutions were made last month after two offshore sites, bet365 and Unibet, were also found guilty of illegal advertising in New South Wales.
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In total, it’s estimated that investors collectively lost HK$572 million (more than AU$82 million) to Navin-kumar Aggarwal’s gambling habits in what has proved to be one of the biggest embezzling cases ever anywhere, gambling-related or not.
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