Tabcorp Banks should be responsible for online gambling credit card bans

Australian gambling company Tabcorp says it will not oppose the banning of credit card use on online gambling platforms, but says that banks should be responsible for enforcing the ban, as reported by ZDNet

Australian play company Tabcorp says it will non controvert the banning of credit entry card habituate on online play platforms, but says that banks should live responsible for enforcing the ban, as reported by ZDNet.

Appearing before the Parliamentary Joint Committee on Corporations and Financial Services, Tabcorp CEO Saint David Attenborough said that the financial sector is topper fitted out(p) to implement such a ban, granted its infrastructure and customer information available.

“I'm non posing here locution i have a banning on credit entry cards for gambling. I'm locution if the commission decides it's sledding to ban it, we're non sledding to contradict it for online wagering,” said Attenborough.

The CEO added that only if 14% of online wagering transactions habituate a credit card, with the legal age of that mathematical group using it responsibly and for convenience.

Commenting on the potency banning of credit entry identity card use, Attenborough noted: “If that is the answer the commission chooses to do, we testament back up that, but that lawmaking needs to live applied to the financial sphere because they're topper exercise set upwardly to be able-bodied to implement that.

“If we got to a greater extent selective information from the banks that a scorecard was suspect, we could unopen it down,” he added. “If the banks notified us that this was a problem, we would be able to kibosh dealing with that problem, but this stream of info doesn't happen.”

While the employment of course credit cards in online wagering with Tabcorp is declining, Attenborough did let in that a problem risk taker tin can ever encounter ways of getting around blocks or bans, suggesting that a national regulator is the only if path of fixing the issue.

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