12th of August 2011 Author: Glo Wood
Australian Sportsbet's Cormac Barry who in support of Internet gambling testified before the federal government enquiry into the industry made a comment that ignited a fury among one politician in particular.
Cormac stated that Sportbet pays commission to third parties who refer gamblers and offer free bets to potential customers. Commissions were paid from the gambling activities of the customers that were referred without knowledge to the player.
Senator Nick Xenophon who is on a campaign to ban online gambling asked Barry if he was aware that not disclosing commissions may be in breach of the secret commissions legislation. Barry commented ''I'm not familiar with that particular piece of legislation.''
Professor of Business Law confirmed that it was a breach of laws against deceptive conduct. ''I will be calling on the ACCC to investigate these claims thoroughly because we want punters to be given the full picture,'' Zumbo warned.
''Third parties can be on a finder's fee or they can gain a share of revenue from the customer, so an affiliate shares,'' Barry said, adding that this was a standard business practice.
Xenophon described the practice as ''unconscionable'' and would amend his upcoming bill on online gambling, currently being considered by the inquiry, to ban commissions.
Sports Society News General Sportsbook News
11th of August 2011
17th of November 2018
16th of November 2018
3rd of October 2018
4th of October 2018
18th of September 2018
5th of October 2018
24th of October 2018
Join Now for full access
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help Site Map
LatestSportsBonuses.com © 2006-2018