Australians Online Casino Bets to be Void?
The Australian government is considering hitting online casinos where it really counts: voiding credit card-funded wagers from Australian punters. Essentially, this means that Aussies could lose money by playing online casino games, then have any losses voided afterward.
A big reason for the proposed action is because of the recent dilemma involving Aussie native Daniel Tzvetkoff, who was at the center of the recent US crackdown on the online poker industry. Tzvetkoff, who was the founder and CEO of Intabill, set up numerous shell companies so he could disguise online gambling transactions for PokerStars, Full Tilt Poker, UB Poker and Absolute Poker. Tzvetkoff was eventually apprehended by US authorities for charges ranging from money laundering to bank fraud since he made it look like US poker player deposits were purchases for golf balls, jewelry and other physical products.
Going back to the credit card voiding subject, Australian Senator Nick Xenophon is at the forefront of the project, and he wants to stifle the ability of online casinos to offer Australian bettors service. The current Australian laws don’t make it illegal for Australians to gamble online, but they do make it illegal for internet casinos to offer gambling services.
Xenophon spoke on the matter by saying, “With voided credit card bets, I have to say there’s something appealing to me about online casinos losing their shirts rather than the punters. It would certainly make online casinos think twice about accepting Australian cards.”
One thing that could deter the Australian government from pursuing such action is the fact that the US is still being harassed by Antigua and Barbuda. The small Caribbean island nation, which issues gambling licenses to many casinos and poker sites, says that the United States’ actions in the aforementioned online poker case are illegal and designed to protect American casinos. They are debating on whether or not to take the case to the World Trade Organization.