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Internet Gambling

Internet gambling is a burgeoning e-commerce frontier with significant financial implications, generating A$10 billion annually in Australia alone. The sector's growth is closely tied to technological advancements and evolving governmental legislation. However, challenges persist, including the need for robust transaction security, effective payment protocols, and internal controls to prevent fraud. Answers to these challenges will be essential in establishing a trustworthy regulatory framework for online casinos, ensuring both player safety and industry viability.

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Internet Gambling

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  1. Internet Gambling Mark A Gregory Senior Lecturer, RMIT University Department of Communication & Electronic Engineering

  2. Preamble • Internet gambling is the quintessential e-commerce application. • Gambling in Australia accounts for A$10 billion pa. • Internet gambling sites will proliferate with technological development & progress in government legislation. AusCasino Acropolis Casinos Casino-on-Net InterCasino Interbet Casino Playstar Casino Internet Gambling

  3. Casino Internet System Configuration Internet Gambling

  4. Issues that Need Addressing • Government Legislation • visit this site • Transaction Security • payment protocols, player accounts, authentication, non-repudiation, etc. • Internal Company Procedures • develop a management system for minimizing FRAUD possibly caused by staff, players & third parties. Internet Gambling

  5. Proposed Casino Regulatory Model for Minimizing FRAUD Internet Gambling

  6. Conclusion • Internet gambling has its own set of problems & will require both legislative & technical solutions. • Internet gambling is commercially viable and will be a major e-commerce application. Internet Gambling

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