Australia’s largest corporate bookmaker, Sportsbet, has been fined more than $13,000 over its failure to intervene when a new customer went on a 24-hour betting spree in 2019.
which found Sportsbet had allowed one of its customers to deposit more than $15,000 over a 24-hour period less than a week after the customer opened their betting account in October 2019.
The Northern Territory Racing Commission admitted in February its fines for corporate bookmakers pale in comparison with the $50 billion industry it tries to regulate.The customer lodged a complaint against Sportsbet in the hope the Northern Territory Racing Commission would find that all or some of the bets they placed between October 1 and October 6 were unlawful, so the wagerer would have to return some or all of the monies back to them.
A Sportsbet spokesperson said that the commission acknowledged Sportsbet took “appropriate” steps in suspending the customer’s account, but its consumer protection had developed since the complaint was lodged.“We recognise that in this instance we should have engaged with the complainant earlier than we did,” the spokesperson said.
The commission’s chair, Alastair Shields, told the parliamentary inquiry into online gambling harm in February the fine threshold is one of the issues the NT government’s five-year review of the surrounding gambling legislation will seek to address.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
iPhone 14 users can now contact 000 if there's no signal, but with limitationsApple has launched a new emergency SOS feature for iPhone users who are out of mobile phone reception, which will use satellite technology to send for help. But it's only for iPhone 14 models.
Read more »
Tears as 13-year Champions League drought endsIt's been more than a decade since Inter Milan reached the Champions league final! 🤯 📖 MORE: 9WWOS UCL
Read more »
Lautaro Martínez finishes off Milan to put Inter in Champions League finalA second-half goal from Lautaro Martínez gave Internazionale a 1-0 second leg win and a 3-0 aggregate victory over Milan in the Champions League semi-final
Read more »
Bruce Lehrmann's lawyer 'pissed off' over suggestions of collusionSteven Whybrow told an ACT inquiry into the handling of Lehrmann&x27;s trial, the assertions from the ACT Director of Public Prosecutions Shane Drumgold were "unfair and untrue".
Read more »