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AUSTRALIA: E-gambling Regulation 'Not Needed'

12 July 2004

AUSTRALIA -- As reported by the Australian Associated Press: ``Online betting exchanges were unlikely to boost problem gambling and did not need federal regulation, a government report has found.

"Communications Minister Daryl Williams today announced the Government had decided against regulating betting exchanges, following a review of interactive gambling laws.

"The overseas exchanges allow bets on a range of sporting events, with some also allowing the punter to play bookmaker.

"Mr Williams said a report on the review, to be released soon, carefully examined the impact of betting exchanges.

"'The report ... found no compelling evidence to suggest that betting exchanges were likely to contribute to an increase in the level of problem gambling," Mr Williams said in a statement.

"...The Government's view is that this is best done through existing state and territory licensing arrangements..."

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