Australia has proposed a new regulation to limit iGaming services. Legislation would prohibit financial credits for local players at online gaming platforms, which include casino and sports betting sites.
The amendment has already been presented in Parliament and it expected to be approved later today. The new bill would handle local operations as well as off-shore gaming.
During an interview with ABC radio, Human Services Minister Alan Tudge said: “Importantly (it) bans the online gambling companies from offering lines of credit to their customers which gets people into so much trouble, having already depleted their savings account.”
This follows Australia’s recent crackdown on the gaming industry. The country has already introduced over ten measures to restrict the gaming industry, including: national self-exclusion register, ISPs or informing customers about their activity in order to help.
Only a week ago, South Spit Casino at the Gold Coast had been put on hold. Fears of the potential impact on small club owners and the local wildlife were the key issues that prevented locals from approving the development.
China-based strategic investment consortium ASF had planned an investment of AUS$3bn into the casino, which will later manage Caesars.