Poker.com.au Sells For $100,00, But Government Gambling Restrictions Hold Back Price

Poker.com.au became one of the biggest sales of a .AU domain name this week when it sold for $100,000. However the price was held back by government restrictions on the advertising of interactive gambling services in Australia, David Lye from NetFleet told Smart Company.

“There is a Canadian equivalent, Poker.ca, that sold for $400,000 last year. Now, Canada has one-and-a-half times the population of Australia and that site commanded a price much, much higher,” Lye told Smart Company.

“One of the aspects involved in all of this is the legislation, and the legislation specifically prohibits the advertising of online interactive gambling. In theory, you cannot have an Australian website advertising these interactive gaming services, and the fines are large.”

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