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”By following this “closed loop” policy (ensuring that payouts are made back to the same method as the inbound funds originated) EnergyCasino complies with “The Fourth EU Anti-Money Laundering Directive.” However, there are some occasions where this closed loop system is impossible to enforce.’
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• All transactions shall be checked in order to prevent money laundering. We shall report any suspicious transactions to the relevant competent authorities in Malta and/or the country you are based in. If you become aware of any suspicious activity relating to any of the games or anything relating to the Website, you must report this to us immediately. We may suspend, block or close an account and withhold funds if requested to do so in accordance with applicable law.
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David Attenborough, Chief Executive of Tabcorp has refused to make an official statement; however, he has noted that his company takes its responsibilities seriously. After reviewing the court proceedings, Tabcorp will make a statement on the actions it plans to take in order to rectify the situation.
Tabcorp’s shares have already started plummeting, so it will be interesting to see how this case goes. We will keep you updated as the situation progresses.
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Mr Seeney and other Queensland politicians are in the process of discussing whether or not it is a good idea to expand Brisbane’s gambling market to include a second casino. A decision on the issue will be made by September 2013 and, in the meantime, the politicians are discouraging any competition between Crown Casinos and Echo Entertainment.
A trial of voluntary pre-commitment just won’t cut it anymore. After the suicide of problem gambler Julie Smith, local politicians want to see the government make more of an effort to reform Australia’s gambling market. While many players enjoy gaming on a casual basis, there are those that are vulnerable to developing addictions – and reforms should be in place to help these individuals.