» Xenophon Pushes for 'No Losing Bets' Law
Xenophon Pushes for 'No Losing Bets' Law
Thursday 28 April, 2011 19:43
Independent Nick Xenophon may soon see the fruits of his ongoing efforts to fight against gambling in Australia, through a new bill that will be tabled in parliament in May.
Under the new law, Australians who access online casinos and pay for their entertainment by credit card, may be able to claim back any losses that they incur during their gaming.
Players may void all bets, meaning that if they lose money, they'll be able to recuperate these losses.
Senator Xenophon seems pleased with the process so far, and believes this may be the first step in clamping down on internet gambling sites.
Although these sites are not allowed to accept players from Australia, it is believed that $1 billion is spent each year by local gamblers.
Nonetheless, no operators have ever been prosecuted under current laws - a fact that seems to incense Xenophon and other anti-gambling activists.
"With voided credit card bets, I have to say there's something appealing to me about online casinos losing their shirts rather than punters," said Xenophon.
"It would certainly make online casinos think twice about accepting Australian cards."
Xenophon is also pushing to limit advertising by affiliate gambling sites, who are free to operate in Australia.
These sites regularly act as fronts for offshore gambling operators, and allow players to play for free. The sites sponsor sports teams in Australia, including National Rugby League squads.