Alice Springs-based regulated online casino operator Lasseters' may move "to another jurisdiction" if a current federal government review imposes new restrictions on online gambling, the company's managing director warned today.
Australia's first cyber casino - AusVegas - will turn out the lights within days following the Federal Government's move to curb the online gambling industry.
The online gambling industry is reeling from the federal government's 12-month moratorium on new gaming licences. Many operators, angry that their operations may now be curtailed, are seeking legal advice on compensation.
The Senate has passed a bill which places a moratorium on the granting of new online gambling licences in Australia but some say it will do nothing to deter Internet gambling.
The Internet Industry Association is bracing for battle with the Australian government over the issue of Internet gambling amid a federal ban on new licences.
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