Many Australians are accessing virtual casinos via offshore gambling sites. The under-regulated industry is increasingly being fuelled by cryptocurrencies.
In total, he estimates he lost roughly $150,000 of his own money and another $150,000 that belonged to his mother, a pensioner with multiple sclerosis, through two gambling sites.
"People go to Curacao to seek licences because there is no regulation, no law enforcement and no taxation at all," says Nardy Cramm, a journalist who runs a Curacao news site.Cramm, who has published investigations into the country's online gambling industry, says it includes more than 10,000 online casinos.Scores of online gambling sites are available online.
Many of the sites advertise the fact they ask few questions of customers, which goes against a key tenet of anti-money laundering policy. Mr Barnard has now engaged a lawyer in Curacao and is considering taking legal action against two online casinos, which he says failed to recognise and stop his problem gambling."Responsible gambling is a joke, really, in the online gambling industry. It's non-existent."Mr Barnard has also reported Luckystar to the Australian Communications and Media Authority , which handles offshore gambling.
In a statement, the ACMA said it was acutely aware of illegal gambling services trying to avoid blocks with mirror websites.
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