2nd of June 2012 Author: Johnny Karp
Found guilty of offering free inducements in exchange for opening betting accounts
The Australian State of Victoria's Commission for Gambling and Regulation brought charges against Betfair, International All Sports Limited trading as IASBet, Sportsbet and Betezy Limited for offering free inducements to punters for opening betting accounts, and the long running case has finally ended when Melbourne Magistrate Julian Fitz-Gerald found them guilty as charged.
Fitz-Gerald ruled that Sportsbet Pty Ltd's website advertisement was an offer rather than an invitation to make an offer for a contract, and subsequently fined the company with AU$3 000.
Nevertheless, Sportsbet has included a website disclaimer on the offer that effectively bars Victorian residents saying it will consider its options and may appeal the decision.
As for IASBet, it was fined with AU$4500 in relation to the six charges brought against it.
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