Aussie bookmarkers are protesting against Australia’s revised gambling legislation.
Australian online bookies are complaining that the latest gaming legislation has suggested an unfair in-play betting advantage given to gambling giants Tabcorp and Tatts Group. Australian gambling regulators have released a revised Interactive Gambling Amendment Bill 2016 earlier this month. The legislation aims to fix the loopholes brought about by the original bill. The previous legislation allowed licensed Aussie bookies to offer online in-play sportsbetting products through voice-activated smartphone apps.
Revised Gambling Legislation Only Complements Tabcorp
Bookmarkers have aired their concerns regarding a new loophole. The latest revised legislation seems to benefit big betting companies such as Tabcorp and Tatts Group. Both companies have recently announced the largest merger in the Australian gambling industry. The new legislation says that land-based electronic machines will be made available to customers in retail outlets, pubs, and Tabcorp betting outlets.
However, the Australian Financial Review reports that online exclusive bookies Ladbrokes, SportsBet, and Bet 365 have sent a letter to the government regarding the loophole of the revised legislation. The letter has emphasized that the statements within the revised legislation will allows Tabcorp and Tatts to offer in-play betting using tablets in retail shops.
The letter has declared that the “‘electronic equipment’ clause will “lead to perverse outcomes where a customer who wants to engage in online in-play sports betting couldn’t do so outside on the footpath with their tablet, but could do so using an identical digital device provided to them within a Tabcorp or Tatts retail venue.””
Tabcorp-Tatts Merge to Bring Monopoly
Online sportsbooks have warned Australian gambling regulators that the Tabcorp-Tatts merger will result to a significant concentration of monopoly power. It also expands via the retail in-play carveout. Online bookies’ in-play betting apps have been enjoying a great season until Australian gambling regulators have imposed them to bail out their online products.