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Strewth! LeoVegas are Leaving the Australian Market...

2017-09-19 15:13:00

Following in the footsteps of PokerStars, 888Casino, PartyPoker, and 32Red Swedish online casino LeoVegas have announced that they are leaving the Australian market in response to new gambling regulations. In early August, the Australian Senate moved to pass an updated version of the Interactive Gambling Amendment Bill which is set to introduce a number of new regulations and restrictions for online gambling operators in Australia. The new legislation will prevent all remote operators from offering online poker and in-play sports betting in the country. This has resulted in a mass exodus of operators from the region with LeoVegas the latest company to announce their departure.

Another Blow for Australian Players

LeoVegas have announced that they’ll be leaving the Australian market, pulling all real money operations in the country on September 10th. The company has already informed its affiliates that the revenue share created by users in Australia will cease being part of their monthly figures and has told all of its Australian partners to end all activities aimed at Australian users.

The announcement is the latest in a long line of blows for Australian players with their choices of poker, gaming, and bingo becoming more and more limited. Australian gamers will no longer have access to the Swedish company’s award-winning gaming platform which offers an excellent collection of slots, table games, poker and live casino.

The move is also set to adversely affect revenue at the company. LeoVegas’ Q2 financial report for 2017 released in early August showed that revenue for the region accounted for 7.6% of the company’s overall revenue for the first 6 months of the year.