CBS News' Chris Wallace reports that a cyber attack targeting the US voting system has caused "major disruptions" in the presidential election.The cyberattack is a "threat to our democratic process," Wallace reports, adding that "there's no question that it's been a significant setback."Wallace adds that the US "is in a very, very different place right now" from before the hack.He says that "it is...
Australia is to become the first country to open up its casino chips to the public by 2020.
The Government’s move comes as gambling is becoming more widespread and the industry faces a threat of falling out of favour with the mainstream, with gambling now estimated to account for about two-thirds of Australia’s $1.4 trillion economy.
The move to allow chips to be traded online comes after the Reserve Bank of Australia approved a $25 million funding injection from the Government.
Under the plan, casino operators will be able to use their existing cash balances to fund digital gambling machines which can be programmed to process cash transactions.
This will give them a way to keep the machines online and, crucially, allow them to keep playing poker and slot machines.
The Australian Government’s online gambling policy will be launched on Wednesday, as part of a plan to give the gaming industry a leg up in the global economy.
It follows similar moves in Europe and the US and is part of the Government’s “multi-pronged” plan to promote Australian businesses, which is expected to result in up to $2 billion in tax revenue over four years.