Skip to main content
110% Deposit Bonus from mBit

Pinnacle Exits Australia for Lack of License

Unlicensed gaming operators like Pinnacle left the Australian market after a warning from ACMA regarding the Amended Interactive Gambling Act.

The amended Interactive Gambling Act of Australia forces unlicensed casino and poker room operators to cease their operations in the region.

Pinnacle, an online sportsbook and casino, recently stopped providing Australian players with payment services, according to reports. The sudden exit may be connected with the strong implementation of the law, especially since Pinnacle is reported to have no license to operate in Australia.

Pinnacle Stops Services in Australia

Pinnacle Offers Sportsbetting and Casino ServicesPinnacle restricted Australian players on March 12 from accessing its sportsbook and casino sections, informing them through email without providing a reason behind the move..

Australian customers can now no longer deposit or bet on Pinnacle, and all pending wagers made are canceled while all stakes are returned to the customers. Players, however, can still withdraw funds from their account until April 20.

| Related: Pinnacle Adds Bitcoin Payment Option for Euro Players

Australian Legislation Penalizes Unlicensed Operators

Minister for Human Services Alan Tudge filed the Interactive Gambling Amendment Bill in 2016 to revamp the country’s online gambling industry and fix the loopholes of the 2001 Interactive Gambling Act.

The Interactive Gambling Act of 2001 was designed to protect the Australian people from the harmful effects of online gambling. During a government review in 2012, there were technical loopholes found in the act. Punters found ways to get around the restrictions, one of which is through the use of mobile phones to make bets during live sports matches. There were also technical gray areas in the act that allowed online poker rooms to operate in Australia.

The amendment removes the gray area that has protected Australian operators for years, as well as the technical loopholes like click-to-call betting. Every unlicensed operator will be charged for breaking the law. But because Australia only allowed sports betting operators to receive licenses, this provision poses a problem to casino and poker room operators.

Now, the Australian Communications and Media Authority (ACMA) will impose civil penalties on operators found breaking the law. Individual violators will be fined up to AU$1.35 million per day while companies can face up to AU$6.75 million per day. Any violators outside Australia can be arrested immediately the moment they enter the country’s airspace.

In a February 2018 report, ACMA found 65 companies that violated the new legislation. The organization has since then spoken to all these companies to restrict Australian punters from accessing their sites. It is fair to say that Pinnacle may have been one of the operators who received the warning from the regulation body last month and is now complying with ACMA.

| Related: Best Bitcoin Casino 2018: Quality Casinos, Games & Bonuses

1xBit Live Gaming Cup Play with Cryptos

LATEST CASINO NEWS & INTERVIEWS


News

iGaming Companies Embrace Esports Sponsorship & Partnership

April 15, 2021

There's no denying the massive growth and potential of the esports industry, and this reflects on the number of iGaming brands venturing into esports.

Enjoy The Dog House Megaways With up to 80 Free Spins at Slot Wolf Casino

April 14, 2021

Maximize the whopping 117,649 ways to win in The Dog House Megaways by Pragmatic Play with up to 80 free spins at Slot Wolf Casino.

SoftGamings Has Perfect Financial Solutions for Online Casinos

April 12, 2021

Payment solutions are key to the success of any iGaming businesses. See how SoftGamings flexes its expertise with online casino financial solutions.

Interviews

Interview with Eman Pulis, Founder of SiGMA

July 14, 2020

We had the opportunity to talk to Eman Pulis, founder of SiGMA, a highly-successful iGaming expo and conference home to 14000 attendees and 500 exhibitors.

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Vie.gg Advisory board.

CHOOSE CASINOS NOW
Your Message

    LEAVE A MESSAGE
    RESET PASSWORD

    Please enter your email address:

    LOGIN TO BBC
    No account yet? Register here
    Forgot Password? Click here
    JOIN US NOW
    Already have an account? Login
    Forgot Password? Click here