Federal Legalization in Australia Favored by Tabcorp

'Live betting on sports is here to stay,' says Attenborough

In a recent statement, CEO of the Aussie betting group Tabcorp, David Attenborough, expressed belief that live betting on sports is here to stay, and that it requires more action from the federal government in Australia regarding its regulation.

He also specified that the federal government is looking into the issues of broadcasting odds during live events and the provision of live betting over the internet, among other matters, since at the moment, punters can only bet on live sporting events over the phone, not over the internet.

"Despite this prohibition, a number of wagering operators have offered live online betting to their Australian customers. We are not aware of any of these operators being prosecuted for breaching the Interactive Gambling Act," he said, underlining that Tabcorp is different than such operators as it complies with the law at its own disadvantage.

Having this in mind, he opines, 'it is necessary for the federal authorities to introduce consistent national laws that would provide a level playing field for all companies involved in the Australian betting industry.'

He also stated that the betting expansion comes thanks to advances in technology, especially in mobile devices, which made all transactions, including wagering and exchanging information, easier and faster.

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