One of the biggest names in the online casino industry already announced they are pulling back from the Australian market. Vera&John casino, with its headquarters in Malta, decided to close doors for Australian players.
Although, no formal statement has been published on the casino website, Vera&John has notified all registered Australian players by email of their business decision which is a direct result of the new and protective amendments to the Australian Interactive Gambling Act 2001.
“We’re always sorry to say goodbye, but the time has come. Due to a business decision, Vera&John will no longer be able to offer its services in your jurisdiction. Your account will officially be closed in one week.
As of today, you will no longer be able to make deposits to your Vera&John account. Any funds which have not already been removed from your account can still be transferred to your preferred payment provider within the next week.”
Alan Tudge, minister of human services, stated: “The government is committed to taking tougher action against illegal offshore wagering providers and this bill does exactly that”. Not a word lied! The new amendments gives powers to the Australian Communications and Media Authority (ACMA) to inflict penalties of up to 6.75 million AUD for operators found to be in breach of the new legislation.
It is predicted by many that other European operators who currently offer their services to Australian players will also join the “exodus”. Rumor has it that one of the biggest online poker platforms PokerStars is next to close its doors.
UPDATE (2-1-2017): We have been informed by reliable sources that Karamba and Leo Vegas are also preparing an exit from the Australian market. We are currently waiting for an official statement on this matter.
UPDATE (5-1-2017): Next casino to withdraw from Australia is Dunder. The operator published an official statement in regards to their decision to no longer accept players from Australia:
"Due to the current legal situation, and the newly implemented gaming laws in Australia we will unfortunately no longer accept players from Australia from January 1. Please discontinue all promotional efforts as soon as possible.
We wish we would have been able to inform you sooner, but the new laws and fines that came with them came very sudden, and we can no longer risk accepting Australian players.
Thank you for your cooperation and understanding!"
Category: Gambling industry