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Australian Senate Passes Gambling Bill, Ending Online Poker Industry

Australian Senate Passes Gambling Bill Ending Online Poker Industry

The Aussie online poker industry has to shut down completely after the Senate passed the Interactive Gambling Amendment Bill 2016 on August 9. The passing of the bill into a law came as a surprise despite being enacted in November 2016. The passing of the Interactive Gambling Bill was confirmed through a public note by the Department of Human Resources.

The poker players all across the Australia were hopeful of some favourable decision after the August 1 Senate enquiry, before passing the bill

The bill was intended to close all the loopholes operators were using to offer in-play sports bets, after the findings of the 2015 Review of Illegal Offshore Wagering; instead, a bill outlawing all forms of online betting, including poker, produced in November 2016.

According to the bill, any operator not licensed under state or Territory laws will be considered illegal, and a penalty would be imposed on those who break the law.

Many major poker players exited the market after the introduction of the bill. 888poker exited the market in January 2017, but PokerStars decided to follow suit till the bill is passed into law. PokerStars and other active companies in Australia will now have to leave, leaving players in a complete blackout.