Online casinos are dropping the AU market as future is still unclear

Published by CasinoTopsOnline on April 3, 2017 IN Industry News

Australia casino marketThe online gambling industry has been on rocky ground for the past few months in Australia and the negative impact is starting to show.

Top online gambling brand, 32Red Casino has announced that as of the 3rd of April 2017, it will no longer be accepting players from Australia.

Not the first to jump ship, other well-known brands such as Casumo Casino and Casino Room have also left Australia.

There has been much talk in the industry and it seems these reputable casinos will not be the last to leave, with talk of many more to follow suit in upcoming months.

Gambling laws in Australia

A number of online casinos have already left Australia in the wake of suggested changes to gambling laws. There has not yet been word on whether or not these laws will be accepted and come into effect, but online casinos are not willing to take the chance of suddenly being faced with legal action or fines.

The current gambling laws in Australia are almost non-existent with very policing of the online space taking place. New changes to Australia’s casino law by Minister Alan Tudge would see the ban of unlicensed online casinos and poker rooms without any warning.

In order to avoid being caught unawares, online casinos are starting to make the move away from offering their services to players within Australia. Unfortunately for Australian players, this means less options and the need to cash out any winnings before accounts are shut down.

After making its announcement, 32Red Casino (which recently joined the Swedish Kindred Group) informed affiliates to stop promoting the company within Australia. While 32Red Casino has stated that no new players will be accepted after the 3rd of April, there’s no word as to how long existing players have to close their accounts.

Read our top Australian casino reviews and take a look at which sites still function within the country.