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Aussies Bet on Net Gambling Despite Ban

18 January 2002

AUSTRALIA –– As reported by ZDNet: "Online gaming may have been outlawed in Australia but it has not stopped local companies from cashing-in on the practice.

"Ainsworth Game Technology has just reached an agreement with Kerry Packer's PBL Gaming to develop exclusive games for a Vanuatu-based cyber casino.

"The recent introduction of the Online Gaming Act, banning Australian-based online casinos, blocked PBL's plans to create an Internet version of Melbourne's Crown Casino, so it moved its cyber operation off-shore.

"…Ainsworth Game Technology CEO Jim O'Mahony said the deal with PBL would allow Ainsworth to enter the international market and the company planned to provide a variety of games that would be exclusive to

"…O'Mahony said the PBL agreement would allow the company to expand its range of games but would not conflict with its existing customer base because the legislation prevented Internet gaming for Australian residents.

"…Ainsworth, which listed on the Australian Stock Exchange in December following the launch of its Ambassador gaming machine, will initially develop a limited number of games but will increase the output once the first of them have been integrated into the site…"

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