A decade ago, this review would not have held much importance to gamblers but as the country would have it today, it would do you a lot of good to familiarise yourself with all the information written here before venturing into one of the worlds most renowned gambling market of all time.
Within the past years, the online casino platform provided to most of its residents has gone through a lot of changes. It can be said that the once glorious gambling market has fallen but this time to rise again. Read along to get detailed information on all the ups and downs that the online casino platform provided to Australian players has gone through in the past years, what its current status is like and the expectations it has for the future.
History of Online Casinos in Australia
The internet brought about the most massive casino growth the world has ever seen in the late '90s. At the time Australia was among the first countries to adapt well with this growth with a lot of people regarding it as the home of gamblers. Australia was one of the few countries that provided all the amazing features that would keep a player gracing the reels of a casino for a lifetime. Playing online casino games in Australia was second to none.
It was next to impossible for players to make any complaint regarding a lack of gambling sites or inadequate bonuses or promotions. Gambling in the country during the '90s to early 2000 was every gamblers dream with the UK gambling commission and Malta gaming authorities having a stronghold in the country. In as much as the gambling services provided by the country was highly appreciated and enjoyed by over 80% of the citizens, there were a lot of irregularities that the government had to tackle or might prove disastrous in the future.
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The End of an Era
By the late '90s, there were a lot of unregulated casinos present in the country and a lot of lobbyists had taken advantage of the unparalleled gambling service offered by the country. This lead to the implementation of the interactive gaming act [IGA] by the Australian government in 2001 to regulate all the gaming activities carried out in the country. The gaming act implemented brought about the strict restriction placed on all the activities carried out by local operators.
Local operators could not offer real money casino services to citizens but offshore operators still had the privilege of providing casino games to players since the restriction was meant for just local operators. This gave gaming authorities like UK gambling commission and Malta authorities a wider and bigger market to explore with both commissions becoming the most dominant in the country due to the remarkable casinos they have under their licence.
A New Era
The growth that this commissions had in the Australian market was so large that it was hard for any to have predicted an end to it. The interactive gaming act parliament that brought an end to local casinos in 2001 saw it fit to amend the new bill that was to be passed in 2016 due to the uncontrollable growth-rate threat that the online casinos in the country posed. Offshore casinos at this point knew the end was near.
Online gaming at offshore casinos have had a unique growth rate from its inception till date but it was certain that Australian players were only going to enjoy it up until 2017. By the end of the year, all the offshore casinos had been prohibited from carrying out any activity in the country making it impossible to play casino games online. This lead to the removal of the real money restriction place on local operators giving them an upper hand in the country but unfortunately most licenced local operators had closed down due to the previous restriction that was placed on them.
Although there are still a lot of illegal casinos that provide their services to Australian players but top software companies like Microgaming and Playtech, Netent etc. do not provide their services to players anymore.
Present State of Online Casino Gaming in Australia
The Australian gambling regulations have gone through a lot of changes in the past years. Using past tense to talk about the uniqueness of the Australian Online casinos market has not been easy on the path of gamblers. It’s almost impossible for players to play casino games online in the country now. The bill passed by the interactive gaming act parliament in 2017 gave permission to only casinos licenced by the state the opportunity to provide online casino games to players.
A lot of gamblers would be entertained by the fact that there are a few casinos in the country that provide online casino experience to players, but these sites are not mainly casino sites but sports betting sites so you shouldn't expect the good old day's casino style of gaming. The platforms provide access to welcome bonus, promotions, customer service and a good deal of casino games can be enjoyed at the casino.
Most online casinos around the world have removed the option of using Australian currencies from their gaming platform and have shut their doors to Australian players. As big and dominant as the Australian gambling market seemed to be during its early years, it a shame to see its online presence go down the drain during a time when online gaming via mobile and PC seems to be the norm for every player. For now, most gamblers who resides in the country make do with sports betting or would go to a live casino to stake funds.
Future of Online Casinos in Australia
All the Online casino companies and software providers might have lost its reputation in the country due to strict government rules piloting their gambling affairs but with the astonishing number that stake with the sportsbook service that still holds a strong reputation, it’s evident that the spirit of gambling is still strong and well-nourished in the country and in no time would regain its wings to fly high like it ones did.