MYC
My Casino turnover beats May forecast
The West Australian
06/06/00
In May 2000, the Australian Government imposed a one-year moratorium on new online gambling site licences. This does not affect My Casino (formerly Abador Gold) which has based itself in Vanuatu, has credibility via having its transactions handled by Barclays Bank, and markets to South-East Asia. Its turnover for May was , far higher than forecast, and it hopes to turn five per cent of that into profit. Online casino hopefuls in Australia say the Government is missing a revenue-generating opportunity, claiming they can operate from Australia but only market to overseas customers. US casinos have been banned by the Government from going online, but British firm, Arena Leisure, has a racing site, and Coral Eurobet and William Hill plan to launch sites accessible by mobile phones. Gocorp, Queensland`s first licensed online casino has listed on the Australian sharemarket after just beating the moratorium
© 2000 Channel E - ABIX
My Casino turnover beats May forecast
The West Australian
06/06/00
In May 2000, the Australian Government imposed a one-year moratorium on new online gambling site licences. This does not affect My Casino (formerly Abador Gold) which has based itself in Vanuatu, has credibility via having its transactions handled by Barclays Bank, and markets to South-East Asia. Its turnover for May was , far higher than forecast, and it hopes to turn five per cent of that into profit. Online casino hopefuls in Australia say the Government is missing a revenue-generating opportunity, claiming they can operate from Australia but only market to overseas customers. US casinos have been banned by the Government from going online, but British firm, Arena Leisure, has a racing site, and Coral Eurobet and William Hill plan to launch sites accessible by mobile phones. Gocorp, Queensland`s first licensed online casino has listed on the Australian sharemarket after just beating the moratorium
© 2000 Channel E - ABIX