There are approximately 2, Austraia retail outlets, offering Totalisator and fixed odds wagering on sporting and racing events across NSW and Victoria, in hotels, pubs and clubs. Who Regulates Gambling In Australia? Russia closed down its casinos overnight as gambling was banned nationwide.casino hull restaurant MOST POPULAR SLOT MACHINES IN VEGAS The exception is online gambling, a gaming venue that is subject to the Interactive Gambling Act. This law was passed and is regulated by the Commonwealth of Australia. The Origin of Online Gambling in Australia. Australia has featured casinos across the country for many years. In , the Interactive Gambling Act was passed. We have explained more about the regulation of online gambling in Australia below, along with how the relevant laws affect you. We have also provided some details on the Interactive Gambling Act.