Steven Michener BSc. MSc., Director, Interactive Entertainment Technology Pty Ltd, ceo@ietec.com
Mark A Gregory BEng. (Elec)(Hons) MEng., Senior Lecturer, Department of Communication and Electronic Engineering, RMIT University, m.gregory@rmit.edu.au
Professor Paula Swatman BEc. PGDipBus. Ph.D., Director, Interactive Information Institute, RMIT University, paula.swatman@rmit.edu.au
Internet Gambling, Australian Government Legislation, Transaction Security, Control Procedures
Internet Gambling is the quintessential e-commerce application. The transaction is the product. Each bet, in essence, involves an e-commerce financial transaction. Monetary value is exchanged each time the virtual cards fall or spinning wheel stops. Gambling in Australia accounts for A$10 billion pa revenue. World gambling revenues are estimated at A$300 billion. For a margin of 3% this would equate to gambling, or potential e-commerce, transactions of A$10 trillion pa. As television, telephone and other devices become Internet capable and credible Internet gambling sites appear in more regulated environments the proportion of gambling transacted over the Internet is likely to grow very quickly. This paper addresses technical and organisational e-commerce issues of government legislation relating to Internet gambling, transaction security and internal control procedures.
[ Full Paper ] [ Presentation ] [ Proceedings ] [ AusWeb99 Home Page ]