Betfair Chief Advocates Regulation for Protection of Online Players


Appropriate regulation and controls essential, claims the Australian executive

This week’s statement issued by online betting exchange Betfair's Australian operations chief, Andrew Twaits, refers to his position that if Australia wants to "protect the most vulnerable members of the community, the best way is to have a well-regulated environment with the appropriate controls around harm minimization."

He further pointed to the example of unregulated markets in parts of the United States and the Indian subcontinent, which proved that even though issues with online betting may emerge, the right checks and balances can help preventing them.

Twaits also stated that Betfair’s offer has included pre-commitment for a while now, as a strategy favored by the federal government. "We were one of the first ... operators in the country to offer voluntary pre-commitment so you can predetermine how much you can deposit per day, per week or per month -- or lose per day, per week, per month," he said.

In addition, he stressed that the company has renewed the license for Tasmania, by another decade: "We are established here now with 120 or so highly qualified, very loyal staff." He also underlined that, despite the fact that the tax rate has been recently lowered, which caused much fuss in Australia, Betfair is still paying more taxes than other betting agencies.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

1mins ago someone from Taiwan read Foxy Casino review

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

Totals

  • New Members
    37
  • Members Online
    395
  • Guests
    1,746
Highest Community Rated Online Casinos
Guts Casino
  (272 Ratings)
32 Red Casino
  (513 Ratings)
Club USA Casino
  (384 Ratings)
Mr Green Casino
  (377 Ratings)
Buzzluck Casino
  (249 Ratings)
Lucky Red Casino
  (297 Ratings)
Videoslots.com
  (245 Ratings)
Bet365 Games
  (242 Ratings)
CasinoRoom
  (244 Ratings)
Unibet Casino
  (223 Ratings)
Raging Bull
  (175 Ratings)
NextCasino
  (244 Ratings)
CasinoLuck
  (318 Ratings)
SlotsMillion
  (156 Ratings)
Betsson Casino
  (312 Ratings)
TradaCasino
  (99 Ratings)
Redbet Casino
  (228 Ratings)
Betsafe Casino
  (290 Ratings)
Vera John Casino
  (247 Ratings)
Casino Extreme
  (263 Ratings)
ComeOn Casino
  (348 Ratings)
Betspin
  (22 Ratings)
Thrills Casino
  (237 Ratings)
Ladbrokes Casino
  (200 Ratings)
InterCasino
  (196 Ratings)
Bet365 Casino
  (489 Ratings)
Intertops Red Casino
  (172 Ratings)
Omni Slots
  (57 Ratings)
Chance Hill
  (54 Ratings)
Slotland
  (423 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus