September 2023 has marked the history of gambling in Australia forever. The government has banned the use of credit cards for online wagering, with huge fines for betting companies that don’t align with the new restrictions. Digital currencies are also included in this ban, reinforced by fines of up to 234,750 AUD.
The Idea Behind The Ban
Communication Minister Michelle Rowland introduced the new Australian gambling reform, explaining that it’s meant to protect vulnerable gamblers in the country, especially gambling-addicted individuals and their families. The idea of the ban is as simple as bulletproof: people shouldn’t bet at gambling games or sports events with money they don’t own. That explains why the ban focuses on credit cards and digital currencies only. Furthermore, credit cards are already banned from all land-based betting venues Thus, the new restrictions will complete the frame by eliminating any legal chance of betting with virtual money. The goal is to discourage those gamblers who continue to bet with credit cards on online casinos and sportsbooks.
Existing online betting companies have six months since the approval of the new legislation to change their business and update to the new betting requirements.
Technology Innovations Driving Australia’s Casino Landscape
Sure, tech innovations in Australian online casinos represent a major element of this industry’s success. With ongoing technology advancements, the casino industry is witnessing a milestone transformation that affects how gamblers approach and experience their favorite games. We’ve gathered a collection of the most remarkable technology implementations in the digital gambling industry.
1) Cutting-Edge Security Measures
Security is a vital factor in online gambling activities. That’s why casinos use cutting-edge security measures to protect their gambler’s accounts and financial transactions. Advanced encryption protocols protect sensitive information between the casino and the gambler. Such protocols include SSL (Secure Sockets Layer) and TLS (Transport Layer Security). Encryption technology ensures that cybercriminals cannot access the protected data.
2) 100% Fair Game Outcomes
Fair game results are essential to all gambling venues, land-based as well as online. Gamblers want to be sure they’re playing a fair game and that nobody can cheat the results. That’s why online casinos use RNG (Random Number Generator) technology. This tech innovation consists of sophisticated algorithms to generate random outcomes at each game round. The outcomes are 100% unpredictable and generated in real-time by the system. The RNG ensures 100% safe and fair game playing and honest chances of winning.
3) The Benefits Of Cloud Storage
Many people already use cloud services in their private and business life. However, this technology is also used in online casinos. Cloud technology can enhance the gamblers’ experience by storing limitless data from the games, gaming habits, and much more that help the system identify each user’s trends to offer them selected games and bonuses tailored to their specific preferences. Furthermore, many already run the games themselves through the cloud as it’s cost-effective and allows the casino to pass savings on to the gamblers.
Modern technology is literally reshaping the gambling landscape, especially in Australia, where gambling is part of the local traditions. From AI-based gaming to mobile-dedicated apps, the world of casinos is becoming a more accessible and enjoyable universe to explore.