GAMING software tester Steve Toneguzzo leans back in his Sydney boardroom and conjures up with his hands how world internet gaming will look in five years.
He draws three large blobs in the air but none represents Australia. They are Las Vegas in Nevada, South Africa and Britain.
“Once these three areas build up the trust of the internet gaming market, I don’t see them losing it,” he says.
Ironically, all of them will have used Australian expertise or gambling models to achieve their world internet gaming power.
Toneguzzo has been rebuilding his business, Global Gaming Services, since the federal Government clamped down on interactive gaming in this country. The Government’s Interactive Gambling Bill prevents Australian operators offering online gambling services to Australian citizens or residents of countries where online gambling is prohibited.
GGS tests gaming software and regulation compliance and helped launch Australia’s only internet casino, Lasseter’s. Toneguzzo’s company is one of many forced to scour the world for new business. Luckily, there is plenty of work out there.
Today, he will represent GGS at one of the most important meetings held by the Nevada Gaming Commission as it considers whether to licence internet gaming in Nevada.
Although the commission has indicated it will move slowly, the word from Nevada is that regulation could come sooner rather than later. Many Las Vegas casinos already offer non-cash internet gaming.
The big Nevada casinos in Las Vegas such as MGM and Bellagio will do nothing to jeopardise their live casino licences and will be interested in the advice Toneguzzo gives the public hearing about how a proper internet regulatory environment can be established. Regulation is the key to the future of internet gaming, he says.
“Self-regulation or no regulation doesn’t work,” he says. …