Skip to main content

utterly daft polticians

How ridiculous is a ban on online poker and casinos in a country where the law is openly flaunted, play-for-fun (.net) sites are widely promoted and companies like PokerStars have offices set up there?


Australia upholds online gaming ban


This is the dilemma in Australia where companies such as Betfair, Centrebet and Sportingbet offer licensed and regulated poker and casino services to punters outside Australia, but by law, can't do so to Australian residents. Yet, the likes of Party Poker and PokerStars can openly advertisely their wares around the nation by sponsoring events and TV coverage through their 'free' sites. Only the extremely daft amongt us, namely Federal Communications Minister Stephen Conroy, believes that these companies do not generate any real money business via this advertising. Australia is one of the biggest markets for foreign poker firms, so all the profits from these companies goes offshore and stays there.

This is the same daft politician who is hellbent on filtering Australian internet services to a level only matched by communist China. Nice idea to attempt block the evils of the world from the public, but the reality is the sites that do provide the biggest dangers don't advertise themselves and can switch URLs quickly. So the net result for Aussies is a much-slower broadband speed and many legitimate businesses will be filtered out, because the government won't publish the list, or the criteria behind it, but like any government department, will stuff it up and include innocent sites in their net.

And meanwhile, the government helps out their mates in the casinos who pay ridiculous amounts of tax so the poorly-run states, who sold off most of their assets long ago, aren't stone broke. Nothing to do with preventing problem gambling as everyone ignores the ban anyway, it's about incompetent politicians helping out their casino-owning mates.

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

The Melbourne Cup preview 2019

We're back again for the greatest race on turf, the world's richest staying race and the only race in the world which creates a public holiday for millions of locals.




Once again a fine international field has been assembled and it's worth a deep look at the race. So get a cuppa and find a comfortable seat to plough your way through my preview!

--------------------------------

The Lexus Melbourne Cup
Group 1, Handicap, 3200m
AUD 7,750,000
Flemington 1500 local, 0400 GMT
Broadcasters - Network 10 (AUS), Racing.com (worldwide), SkySportsRacing (UK)


1. Cross Counter
Trainer - Charlie Appleby (one previous Cup win)
Jockey - William Buick
Breeding - Teofilo - Waitress
Drawn 5, Weight 57.5kg

Last year's impressive winner who doesn't get the 3yo weight advantage this time. Won first up at Meydan in March but has run fourth, third, fourth in the big set weights staying races in England and Ireland, never quite making it as the next big staying star. While running close behind Stradivar…

hope for investors in the Centaur scandal?

In a breaking story, it has been reported that directors of the failed sports investment fund Centaur have had their assets frozen in order to repay investors. It is believed that managing director Keith Sobey skipped town trying to avoid prosecution however he either naively thought Ireland was a safe enough place to hide or had a lingering feeling of guilt and sat waiting for that knock on the door.

Sobey, the name behind Centaur (read the original story here), is believed to own four houses, worth more in total than the missing £1.6m. His willingness to sell them to repay investors is likely to keep the matter out of the courts, and at least one other director, Andrew Cork, will apparently follow suit.

All this adds weight to anecdotal evidence that the collapse of the fund came down to mismanagement rather than fraudulent deeds. As costs grew (why would you set up a training academy in central London?), margins evaporated and keeping the business afloat went through money like a…