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Australia Shuts Down Norfolk Island Gaming Association

Norfolk Island Australia Online Gambling Licencing Agency Closed Earlier this week, the territory's government officially shut down the NIGA The study was commission by federal officials after concerns were raised. Australia announces it's dismantling the Norfolk Island Gaming Authority beyond redemption and that these problems cannot be resolved satisfactorily. a deal with the Northern Territory Racing Commission in September. Drug companies say a vaccine for coronavirus could be ready by October. Sign up now for the latest news from Australia and around the world direct to your inbox.

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Govt to shut down Norfolk gaming authority | SBS News - Australia Shuts Down Norfolk Island Gaming Association

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Australia Shuts "Beyond Redemption" Norfolk Gaming Regulator and effectiveness of the Norfolk Island Gaming Authority (the Authority). problems for the Authority in attracting prospective licensees. conflicts, recognising that Australian gaming regulators currently operate similar activities within It is also likely that harness racing, greyhound and sports associations would be under. As a result, I am entirely confident that closing the authority is the right thing to do. Australia joins allies to defend Hong Kong after China ramped up security powers. Play video.

Govt to shut down Norfolk gaming authority


As with all things in this industry, our government seemed to have given the two big operators advance notice of the closure of the body and they were well-prepared by switching to the more expensive Northern Territory Licensing Body. Bitcoin for Gambling. California Casinos Asked by Gov. Australia joins allies to defend Hong Kong after China ramped up security powers. But an independent review has deemed it "barely viable", finding it was more concerned about raising revenue than fulfilling its role as a regulator. The report, based on a two-month investigation of the authority and the Norfolk Island administration, found a litany of serious concerns including a lack of transparency, oversight, or resources, a disregard for risks or appropriate regulation, and serious concerns over conflicts of interest in appointments. The troubled gambling licensing body had been hit hard by the loss of its two biggest clients, English bookie Ladbrokes and Australian-owned Topbetta, with both securing new licenses. If you continue to use this site we will assume that you are happy with it. Top Stories. As a result, I am entirely confident that closing the authority is the right thing to do. The review pointed to obvious conflicts of interest, including when the authority asked one of its licensees to conduct a compliance check of its operations. THE Turnbull Government has shown it is serious about cleaning up the gambling industry, after making the unprecedented move to shut down the Norfolk Island Gaming Authority,. As a result, I am entirely confident that closing the authority is the right thing to do. The body had failed to perform a proper analysis of licence application assessments or apply rigorous standards of probity. Citibet is based in the Philippines but bets without proper agreements on horses and sport around the world, raising race-fixing concerns. Ok Privacy policy. It also found the director of NIGA, Ian Hall, had not formally disclosed that he was the brother-in-law of the former Norfolk Island chief minister and minister for tourism, industry and development. Harrowing George Floyd footage upsets Donald Trump as unrest bursts into flames. The federal government had already ordered the authority to stop issuing new licences pending the outcome of the review. The federal government will axe Norfolk Island's gaming authority following a scathing review that deemed it barely viable and open to corruption. Reuse this content. News Programs. Federal minister for local government and territories, Fiona Nash said there was no choice but to shut down the authority. “Gambling in Australia.


Australia Shuts Down Norfolk Island Gaming Association - Norfolk Island Gaming Authority shut down - Gambling body closed


Adam Gartrell Facebook Twitter Email. The study was commission by federal officials after concerns were raised earlier this year that the Australia online gambling authority had failed to uphold its role as a responsible regulator. THE Turnbull Government has shown it is serious about cleaning up the gambling industry, after making the unprecedented move to shut down the Norfolk Island Gaming Authority, The writing had been on the wall for some time for the troubled licensing body. As a result, I am entirely confident that closing the authority is the right thing to do. Download our free app on the App Store or Google Play for the latest headlines and breaking news alerts. Trouble in paradise: Norfolk Island's gambling regulator will be shut down. It was operating in a non-transparent way, was grossly under-resourced and basic controls weren't in place - like governance and reporting structures, a risk register or even controls to prevent conflicts of interest. Bookmakers with licences granted by Norfolk Island will have six months to seek new approval from other Australian jurisdictions. Sorry, it looks like an error occurred Please refresh the page and try again. The authority has issued a number of licences to wagering companies to operate in Australia, including UK corporate bookmaker Ladbrokes.


Norfolk Gaming Authority shut down, and not too soon


The report, by Centium Group, said internal controls at the authority were inadequate and could give rise to fraud and corruption. Based on the findings, released Saturday, that temporary status has been upgraded to permanent. The troubled gambling licensing body had been hit hard by the loss of its two biggest clients, English bookie Ladbrokes and Australian-owned Topbetta, with both securing new licenses. The study was commission by federal officials after concerns were raised earlier this year that the Australia online gambling authority had failed to uphold its role as a responsible regulator. This means a potentially fraudulent company without means to stay afloat could be running legally in Australia. Top Stories. Older Posts. Calls for calm as authorities trace the source of fatal Queensland coronavirus infection. This means barring a few smaller operators, punters will barely be affected by the closure. As a result, I am entirely confident that closing the authority is the right thing to do. Name, email and comment will be stored in our database. But the likes of BetHQ will reportedly find it impossible to hold any future Australian license. The federal minister for local government and territories, Fiona Nash said there was no choice but to shut down the authority based on the final report, and an earlier draft, by the assessor, Centium. Scott Morrison focused on economy ahead of coronavirus showdown in national cabinet. Sign up now for the latest news from Australia and around the world direct to your inbox. Plenty of unlicensed bookmakers including Citibet accept Australian money, with many bigger punters using these offshore bookies because they are more likely to take large wagers. As a result, I am entirely confident that closing the authority is the right thing to do. Operators with licences from the authority will have until March 31 next year to get licences in other jurisdictions. It says it will cover the "small shortfall" in revenue as a result of the closure. Ok Privacy policy. Last updated on: November 8, , h. Importantly, none of the licensees interviewed by us were aware of his senior position with a competing licensee. All betting agencies who held an Australia online gambling licence through the authority have been given until Mach to obtain new licences from another, reputable jurisdiction.


Australia Shuts Down Norfolk Island Gaming Association


As a result, I am entirely confident that closing the authority is the right thing to do. Based on the findings, released Saturday, that temporary status has been upgraded to permanent. The study was commission by federal officials after concerns were raised earlier this year that the Australia online gambling authority had failed to uphold its role as a responsible regulator. It was operating in a non-transparent way, was grossly under-resourced and basic controls weren't in place - like governance and reporting structures, a risk register or even controls to prevent conflicts of interest. Bookmakers with licences granted by Norfolk Island will have six months to seek new approval from other Australian jurisdictions. Ok Privacy policy. Follow Us. Your Email Address Subscribe. News Commercial Gaming Share this:. Nash stated that, before coming to the conclusion that NIGA must be closed down for good, she consulted the assessor on the appropriate course of action. THE Turnbull Government has shown it is serious about cleaning up the gambling industry, after making the unprecedented move to shut down the Norfolk Island Gaming Authority, The writing had been on the wall for some time for the troubled licensing body. The Norfolk Island Gaming Authority exposed Australia's thoroughbred industry to global ridicule last year when it granted a national licence to BetHQ — closely linked to the world's biggest illegal bookmaker, Citibet. It found failures in transparency, a disregard for risks or appropriate regulation, and serious concerns over conflicts of interest in appointments. But now Territories Minister Fiona Nash says the authority will be scrapped altogether. The authority was even honoured at the online wagering industry's night of nights, the EGR Australia Awards, as the best "professional services partner". NIGA has sensationally been shut down by the Australian government, after a series of mistakes were made. The Norfolk Island Gaming Authority exposed Australia's thoroughbred industry to global ridicule last year when it granted a national licence to.


The authority was also the first to give British betting giant Ladbrokes a foothold in Australia, although it has since moved its operations to the Northern Territory — which also offers cheap licences and generous tax arrangements. Melbourne school shut after student tests postive for coronavirus. A valid email address is required Please provide a valid email address. The government subsequently ordered the authority to stop issuing new licences while audit firm Centium conducted a review. Skip to content Main Navigation. Skip to content Primary Navigation Show menu Hide menu. But the likes of BetHQ will reportedly find it impossible to hold any future Australian license. As a result, I am entirely confident that closing the authority is the right thing to do. The federal government will shut down Norfolk Island's gaming authority amid fears it is open to fraud and corruption. Thank you for signing up. The report said the three-member NIGA was cripplingly under-resourced, lacked basic controls like reporting structures, and had failed to conduct sufficient investigation of license applicants, relying instead on licensees to conduct their own compliance checks. The federal government will axe Norfolk Island's gaming authority following a scathing review that deemed it barely viable and open to corruption. The report, by Centium Group, said internal controls at the authority were inadequate and could give rise to fraud and corruption. As with all things in this industry, our government seemed to have given the two big operators advance notice of the closure of the body and they were well-prepared by switching to the more expensive Northern Territory Licensing Body. In Australia online gambling is perfectly legal. Local Government and Territories Minister Fiona Nash said there was no choice but to wind up the authority. Dodgy online betting agencies will have a harder time gaining a foothold in Australia after the Turnbull government launched an unprecedented intervention to dismantle Norfolk Island's wagering authority amid corruption concerns. As a result, I am entirely confident that closing the authority is the right thing to do.


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