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The Latest in australia
Industry
October 9, 2023
Australians Lose Record $14.5B to Poker Machines
Australians have set a new and concerning record in their gambling habits, with losses from poker machines reaching an astonishing AUD 14.5 billion ($9.25 billion) in the last financial year. This figure marks a sharp increase from the losses reported in 2018-19, the previous financial year uninterrupted by COVID-19 restrictions. Research by the Alliance for […]
Lottery
October 9, 2023
Entrepreneur Adrian Portelli Defends Lottery Business Amid Investigations
Flamboyant businessman Adrian Portelli, widely recognized as “Mr. Lambo,” is facing scrutiny as his lottery business, LMCT+, comes under investigation in Victoria and South Australia. The business, founded by Portelli in 2018, is being probed for alleged violations of gambling laws, with regulators examining its operations closely. Portelli Reiterates Commitment to Tax Compliance Amid Business […]
Casino
October 6, 2023
S&P Global Says Australian Operators Shouldn’t Count on Chinese Tourists for Revenue
Australia’s casino gaming market has long depended on rich Chinese tourists for some extra income. With gambling prohibited in most of China, Australia has long been a preferred destination for gambling tourism. However, China’s recent hurdles with COVID forced this revenue stream to shut down for a while. While the zero-COVID policy is no more […]
Business
October 6, 2023
News Corp Divests Stake in Betr, Says Report
The up-and-coming betting start-up, Betr, launched its services last October with a groundbreaking promotional campaign. At the time, the company sought to establish a strong presence in the regulated gambling sector in Australia, while at the same time engaging and retaining a large customer base rapidly. Several months after its launch, Betr was hit with […]
Legal
October 5, 2023
VGCCC Issues Charges to Tower Hotel for Alleged RG Violations
In September, the gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), issued 35 charges against the operator of the Tower Hotel in Hawthorn East, Rumotel Pty Ltd, over alleged failures to implement YourPlay, a mandatory pre-commitment technology, on their electronic gaming machines and kiosks. At the time, the regulator alleged […]
Industry
October 4, 2023
Australian MPs Call for Parliamentary Inquiry into Gambling Advertising
Australian MPs are concerned about the rising number of young people seeking professional help for their gambling problems. As reported by The Guardian, this number has increased by 16% in the last year, demonstrating the dangers of exposure to gambling content from a young age. Guardian Australia interviewed young people in the country and found […]
Industry
October 3, 2023
The Lottery Corporation Calls for Exemption from Credit Card Gambling Ban
Australian operator The Lottery Corporation has requested to be omitted from the upcoming gambling reform. Regulatory changes will prevent bettors from using credit cards for gambling, significantly changing the country’s gaming landscape. The company argues that lotteries have a low harm profile, insisting lottery tickets and scratch cards should be exempt from the Interactive Gambling […]
Industry
October 3, 2023
Concerns Rise over Gambling Exposure of Children in Australia
Gambling is identified as a serious public health problem in Australia. Known as the world’s biggest losers, Australians lose hundreds of millions of dollars every month, making the annual losses upwards of billions. While a major part of the population of the country spends hundreds, if not thousands of dollars on gambling each month, a […]
Industry
September 29, 2023
Tabcorp Slapped with a New Fine, This Time in NSW
Australia’s largest gambling company, Tabcorp, has received a fine of almost $10,000 (converted to USD from AUD 15,000) for its recent violation of New South Wales’ advertising rules. According to Liquor & Gaming NSW, the gambling company induced visitors of its website to gamble. The advert was visible to anyone who visited Tabcorp’s website, regardless […]
Industry
September 29, 2023
Australia Introduces New ID Requirements for Online Gamblers
Australia’s new ID laws will require bettors to present their ID cards before being able to play online. The new measure replaces the previous system where bettors had a 72-hour window to prove their identity. Unlike before, gamblers will now be unable to place any bets or make deposits before showing their identity card. According […]