Australia is Latest Country to Debate Gambling
Online gambling is lucrative, but not without controversy. In fact, almost every country is heavy in debates over the issue and trying to come up with laws that adequately police the issue. They want to take advantage of the million-dollar business, but still protect all players involved. Gamers need protection so as not to be hurt by unscrupulous gambling companies. Companies need to be protected by adequate gaming law. Governments need to be protected to make sure they are getting the appropriate portion of revenue from the activity. There are a lot of rules to write and that is why legislators are working so hard to come up with solutions.
Australia is the latest country to be working on gambling law. The Prime Minister is known to be staunchly against internet gambling and wants to shut down websites that deal with casino gambling. He has long been an opponent to the activity in the country and is working to ban it for good. Despite his individual position on the issue, recent studies are showing that some Australian statees are considering changes to their gaming law. They are seeing the benefit of gambling and legalizing it and want to at least toy with the idea before completely denying it. They are stating that they are open to increasing legalized offshore gambling for their residents and aren’t completely against it like the Prime Minister.
In addition to state legisator’s decisions on gambling, the country also has the support of residents. New research is showing that Australians are welcoming of gambling, namely slots and other luck-based games. They are curious about the possibilities of bringing gaming in and with the numbers that have been thrown around in terms of revenue, it is looking more and more positive. Although the Prime Minister is against gambling, Australian citizens are spending over $790 million in offshore casinos. This is the same mistake that the US made- it banned gambling in2006 and gamblers merely moved their gaming to other offshore companies. As a result, they put millions into other countries and the US lost big dollars. Australia is set to repeat the same mistake if they don’t change their stand on the issue and create legislation that works for all parties involved.
