A promotional campaign that Topbetta launched in 2014 is now causing trouble for the Australian sports betting company.
The NSW-based gambling company was ordered on Tuesday to pay more than AUS$15,000 in fines after pleading guilty on three counts of publishing gambling advertising on its website for its “No lose Saturday” campaign that ran between October 2014 and May 2015, according to Liquor and Gaming NSW.
The gambling regulator said Topbetta’s promotions offered NSW residents “a refund on any losing bet up to a maximum of $100 for all wagers placed on certain horsing events.” The perk was available to new members who joined and deposited money during the promotional period.
According to Liquor and Gaming, the advertising went against NSW’s Betting and Racing Regulation 2012, which forbids licensed gambling operators from publishing any promotion that “offers NSW residents any inducement to participate in gambling activity or open a betting account.”