The UK Law on Client Affordability Checks by Bookies
A lot of Australian punters are upset about some corporate bookmakers demanding to see their financial records in order to be allowed to continue operating their account. The perception here is that these bookies are using finance checks as a blunt tool to prevent successful gamblers from betting and winning with them, so as to […]
More on Betting Affordability Checks
For more than three years now, those who bet in the United Kingdom have been subjected to unprecedented scrutiny on their finances in the form of affordability checks, first introduced by the Gambling Commission during the pandemic and now official government policy. Punters’ initial bewilderment at being asked for bank statements and payslips has long since […]
The Hunt is on For the Racing Ponzi Scammer’s Stolen Cash
A forensic hunt is on for the $100 million missing from a Ponzi scheme that ripped off bikies, bookmakers and AFL heavyweights. Accountants have been called in to trace the money lost in the scam dubbed worse than the Melissa Caddick con. The stratospheric losses were discovered when AFL powerbroker and Melbourne lawyer John Adams […]
Lose Baby Lose – Or Pointsbet Will Lose You
The words you see above are those of Pointsbet CEO Sam Swanell in an story published yesterday on the straight.com.au about the business strategy of the company. His comments are an interesting insight into what appears to be going on inside the Australian bookmaking market, and an example of it in action. Swannel reveals that […]
Which One Now? Give it a Name! – Keith McDeed Makes a Bigger Comeback Than Lazarus
68 year old NSW trainer Keith McDeed has had just 19 runners at the races in the past 20 years, and in that two decades has prepared just two winners. He hasn’t even had one at the races since 2o21. But that’s all about to change at Newcastle tomorrow night, for like Lazarus – the […]
What’s Good For the Goose is Even Better For the Gander
Punt City is one of those old St Leger style eye picking bookmaking operations that’s business model is sucking mugs into taking huge unders because no-one else will let them on, and then if the mug happens once in a blue moon to have a win delaying their payout until they either give up chasing, […]
Sometimes You Kick, Sometimes You Get Kicked – The New Face of Gambling – For a Little While at Least
Crypto billionaires Ed Craven and Bijan Tehrani have struck a deal with ASX-listed RAS. By JOHN STENSHOLT EDITOR, THE LIST 5:56PM JANUARY 22, 2024 Stake.com, the world’s largest gambling company by volume and led by young Australian billionaire Edward Craven, has struck a deal with a small ASX-listed firm to use its technology to launch a horse racing […]
How the Young and Successful Prey on the Poor and Addicted
Australian-based Stake.com founders dodge $580 million claim BySarah Danckert June 27, 2023 — 12.05pm The two founders of Stake.com have managed to avoid a $580 million claim against their business by a former business partner after a US court threw out the claim for a lack of jurisdiction. Last year, the former business partner to […]
‘Punt for free’: Rich lister’s gambling business racks up eighth conviction
By Jessica McSweeney January 19, 2024 — 11.27am A former young rich lister’s tournament betting platform has racked up its eighth conviction for flouting NSW gambling laws, this time for enticing new customers to “punt for free” and “receive a free bet each day”. In NSW, it is an offence to offer inducements to open, […]