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!

4mins ago someone from United States played The Three Musketeers

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    22
  • Members Online
    342
  • Guests
    2,159
Highest Community Rated Online Casinos
NextCasino
  (152 Ratings)
Bet365 Games
  (165 Ratings)
Unibet Casino
  (133 Ratings)
CasinoLuck
  (218 Ratings)
Betsson Casino
  (210 Ratings)
b-Bets
  (12 Ratings)
Betsafe Casino
  (181 Ratings)
Spin Palace Casino
  (118 Ratings)
Mr Green Casino
  (281 Ratings)
Redbet Casino
  (147 Ratings)
Guts Casino
  (174 Ratings)
Slotty Vegas
  (111 Ratings)
Sin City Casino
  (99 Ratings)
32 Red Casino
  (305 Ratings)
Intertops Red Casino
  (122 Ratings)
Vera John Casino
  (176 Ratings)
Winner Casino
  (341 Ratings)
BETAT Casino
  (191 Ratings)
ComeOn Casino
  (238 Ratings)
Liberty Slots Casino
  (183 Ratings)
24hBet
  (28 Ratings)
Intertops Casino Classic
  (110 Ratings)
Thrills Casino
  (132 Ratings)
Casumo
  (135 Ratings)
Ladbrokes Casino
  (155 Ratings)
Jetbull Casino
  (104 Ratings)
Tetraplay Casino
  (27 Ratings)
Royal Vegas Casino
  (132 Ratings)
Vegas Red Casino
  (190 Ratings)
3Dice Casino
  (250 Ratings)


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