The company was found to have offered illegal boosted odds and was brought to court following an investigation. At a hearing of Sydney’s Downing Centre Local Court on August 7th, Bet Right was fined AU$20,000 ($12,798/€11,771). The company was found not guilty of three separate charges.
In its announcement, L&GNSW also revealed that it has issued over AU$1.1 million ($703,905/€647,411) in fines to sports betting operators since 2016.
The fines included AU$830,000 ($531,208/€488,561) in penalties issued to companies that were prosecuted in court and AU$270,000 ($172,803/€158,934) in infringement penalties issued directly to gambling operators.
L&GNSW Executive Director Regulatory Operations, Jane Lin said of the regulator’s actions:
NSW Gambling Regulator Fines Bet Right for Offering Illegal Odds NSW Gambling Regulator Fines Bet Right for Offering Illegal Odds NSW Gambling Regulator Fines Bet Right for Offering Illegal Odds.“L&GNSW has actively engaged with online bookmakers and provided guidance on their compliance obligations, so there is simply no excuse for wagering companies to advertise inducements and they can be assured that the risk of being caught and prosecuted is extremely high.
NSW Gambling Regulator Fines Bet Right for Offering Illegal Odds totaling $210,000 to wagering company, Betr, which represents the largest ever fine issued to a wagering operator for offering inducements in NSW history.We will continue to monitor television, print and social media for this illegal advertising and advocate for the courts to issue higher penalties.”
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.