The betting industry is notorious and often associated with match fixing. This has finally caught the attention of the Australian Wagering Council and the council is spitting fire. According to the statement released by the council, the Aussie sports bodies need to work together to combat match-fixing in the country. Since the AWC represent some of the industry’s highly recognised bookmakers, they have taken it upon themselves to bring the concerns to government. This is also in line with the government’s long overdue report that has to make changes to the outdated Interactive Gambling Act.
The AWC seems to be moved by the fact that a lot of cash is being siphoned outside the country, allegedly by the illegal online betting firms. According to the AWC, Australian sports such as tennis betting and horse racing are very prone to match-fixing as the syndicates take advantage of the outdated IGA.
Millions are getting lost yearly
Under the current laws, the foreign betting houses get to pay less tax and a lot of Aussie dollars leave the country. Yes, these companies are licenced and regulated by the Australian laws, but studies have indicated the robust growth in the industry, meaning that lesser regulations allow them to cash in more.
The council has also indicated that there is a staggering $2.3 billion gets leaked to the illegal websites and could increase in the next four year. It is said that the huge leaking can only be properly controlled in the onshore industry but the offshore is a little off limits for now. There is fear among the betting house’s corridors due to the offshore being to avoid tax while locals do not have this luxury. This then leads one to believe this may be the reason the match-fixing does not seem to want to go away.
Australian tennis and horse racing are getting a raw deal but the Australian Wagering Council Shall Correct This
Illegal syndicates from as far as Asia are still around as this was recently reported by the BBC that January’s Australia’s tennis Grand Slam was marred by corruption. It is believed that players were approached by the syndicates to throw away games. The game of tennis is not alone in the match-fixers’ radar as the horse racing claims that on their side the corruption has gone way ahead. This is the same sporting code that pumps millions of dollars into the Australian government’s purse in taxes.
The plea to the government and the legislature is simple; “please bring legitimacy into the offshore businesses that operate under the Australian name”.