Big money made on social apps

The ban on social media gambling was legislated in 2001, through the Interactive Gambling Act and reaffirmed through a departmental reviewed released in 2013. The act made it illegal for Australian companies to offer real-money online wagering. But new poker and slot apps available on mobile devices are not considered gambling because they don’t allow players to directly wager or win real cash. Known collectively as “social casino games”, they simulate real life wagering and keep users playing, sharing, and using real money to purchase in-game currency, extra credits, expansions and gifts. Much like other social games including Candy Crush,…