Tag: Casino

CASINO GAMING LAWS IN AUSTRALIA

Customer and anti-gambling advocates flagged legal activity within hours of the product being revealed at the bank’s entire-year profit announcement in Brisbane yesterday, as revealed exclusively by brisbanetimes.com.au today. Independent Senator Nick Xenophon, who staunchly opposes gambling, too spoke out about the account today. Mr Xenophon said he would follow authorities to explain why the product was approved and he intended to raise the issue in Senate Estimates next week. The Win Account, to be started on November 15, will be the beginning of its type in Australia and is based on matching products in New Zealand.

It has few fees and offers an yearly interest rate of 1 per cent, compared to most other savings accounts that provide about 4.5 per cent. Customers will be lured to the Win Account on the chance they can win the $20,000 1st prize in a monthly lottery, with an initial total prize pool of $30,000. When a minimum $250 is deposited, each dollar in the account will gain a ticket in the lottery. But a client who deposits $1000 into the account stands to go down about $35 per year in interest. Consumer groups GetUp! and Choice, which are already pursuing class activeness versus 12 banks for what it claims are illegal charges, have mooted common action against Bank of Queensland.

Choice spokesman Christopher Zinn said the account was “unreliable” and would encourage gambling, while GetUp! described it as an “dishonest” banking practice. The Salvation Army’s head of issue gambling services, Gerard Byrne, said the product was unlikely to influence existing problem gamblers, who mostly did not save money. Nevertheless, it would ultimately prompt new gamblers. Mr Liddy said yesterday the bank had made the account because it was not able to offer competitive interest rates compared to the prominent four. He opposed suggestions it would incite gaming. “It’s not gambling. You’re putting your money securely in a bank and being potentially rewarded … you’re not putting your capital at endangerment at all,” Mr Liddy said. “It’s a atypical account that will attract to some people and some it won’t. We’re not trying to dictate to people what they do, people will make that selection. “All our market research and the behaviour of the product in other markets suggests many people will enjoy it, others won’t touch it.”…

HOW TO AVOID SCAM ONLINE CASINOS

The online casino gaming industry has become the biggest industry in the world, raking in billions of dollars each year. However, it is an unfortunate reality that this industry, much like any other, is also flaked with many scam and flyby night sites that are only out to rip players off. These sites never offer their players any real chance of winning and merely sour their online gambling experience. There are many legitimate online casinos like www.onlinecasinoaustralia.com.au, but unfortunately many scam sites too.

There are various ways you can avoid ever falling victim to these scam online casino sites. One of the best ways is to simply do a bit of research regarding any prospective online casino site you are considering playing with. This can be done easily enough by simply Googling the name of your casino and reading up on the experiences of past and present players of the casino. This activity alone should already be able to tell you a lot about the reliability of your prospective online casino.

Another way you can figure out if your casino is legitimate or not is to verify whether your casino is registered with the relevant regulating bodies and associations like eCOGRA. If the casino is registered with them, it means that they are committed to providing their players with a fair chance of winning and providing a secure and safe online gambling arena.

In the past there were only a few sites which offered sign up, match, welcome and deposit bonuses to new sign ups. However, today it has become the industry standard to do so. So if your casino offers you none of these bonuses you should already be suspicious of the casino. Don’t fall for grandiose promises and bonuses either, as this can also be a sign of suspect. Rather always read all the associated terms and conditions that govern any bonuses received from the casino to avoid any future unpleasant surprises, Melbourne Cup…