Misconduct fines on sports betting companies too low to have impact, regulator says

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The Northern Territory Racing Commission has not ruled out suspensions or licence cancellations for breaches, as critics argue it has not kept pace with the industry’s growth

for historical tax purposes, meaning they are regulated by the commission. Most of these companies are also multinationals, including Sportsbet, Ladbrokes and Bet365.

Betr was recently fined $77,000 for directly contacting and encouraging a man who had banned himself from gambling to open a new account with Betr, shortly before the company launched last year. His contact details were retained by someone who had previously dealt with him at another gambling company.“The vast majority of [companies] have significant turnovers and $77,000 would not be a significant impost,” Shields told the inquiry.

 

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