An investigation by Guardian Australia has revealed that more and more young people in the country come of age with anxiety and depression, alongside relationship breakdowns and debt due to getting hooked on gambling while being adolescent. According to data provided by Gambling Help Online, there was a 16% growth in the number of young people at the age of 24 and under who got in contact with the help service over the 2022/2023 financial year. The same research also found that young people between 15 and 24 years of…
Read MoreAuthor: Daniel Williams
Aussie Betting Firm Betr Could Take Up to One Week to Settle Record $40 Million Payouts on NRL Grand Final
Aussie-facing online sportsbook Betr is to award a record $40 million in payouts after pro-rugby team Penrith Panthers pulled off a 26-24 win against the Brisbane Broncos last Sunday to earn their third successive premiership title in the National Rugby League. The News Corp-backed sportsbook launched a promotional offer last fall in September, providing newly registered customers with the opportunity to place wagers on the outcomes of five events. These included the 2023 NRL and AFL grand finals, the Melbourne Cup, the FIFA World Cup, and NBA games. The sportsbook…
Read MoreUK Government’s Discussions on Planned Gambling Overhaul Delayed Due to Error in Reported Problem Gambling Rates
After multiple delays, the UK Government finally released its much-awaited White Paper on Gambling several months ago. Unfortunately, local officials reported that both the UK Gambling Commission (UKGC) and the paper mistakenly presented crucial data figures regarding the country’s gambling addiction rates. The “problem gambling” rate is one of the long-running indicators used to measure how effective the responsible gambling initiatives of local gambling operators are. It calculates where a certain market stands in regard to the gambling addiction penetration of consumers who are considered at risk of developing gambling…
Read MoreNSW Refuses to Side with Recommendation for Full Gambling Advertising Ban, Despite Ongoing Concerns
The state of New South Wales has shared some concerns regarding the volume of gambling advertising. Despite that, local authorities refused to side with an inquiry’s call for a full ban on gambling adverts within a three-year period, prompting fears that federal Labour may use state lawmakers’ resistance not to suspend the practice but to rather opt for some new limits. Several consultations with state and territory ministers, who are currently engaged in the regulation of the local gambling sector, regarding the proposed advertising ban were carried out on September…
Read MoreFA Faces Criticism over Alleged Double Standards After Permitting Football Club Owners to Wager on Football Matches
The Football Association (FA) is currently facing criticism over alleged double standards after an investigation held by the Guardian unveiled that the owner of an English Premier League (EPL) club may have drawn benefit from wagers placed on the game in his own name. The revelations involve the owner of Brentford FC Matthew Benham. Currently, the club’s striker Ivan Toney is serving an eight-month ban for violating the gambling rules of the FA. Mr Benham has been one of the few multimillionaire EPL club owners who have been taking advantage…
Read MoreLegal Officers in Australia Support Proposed New Video Gaming Crackdown Branding It Adults-Only
Video games simulating gambling are set to be restricted to adults only as part of a new crackdown that has been endorsed by Australia’s top lawmakers. A couple of days ago, the Standing Council of Attorney-General agreed to establish new mandatory classifications on computer games that feature gambling-like content, as of 2024. The new set of laws is set to be brought into action as of September 2024 and will mandate two controls that are similar to adult-related content. Under the provisions of the new laws, computer games simulating gambling,…
Read MorePoker Machines Remain among the Most Discussed Issues in Australia’s Legislative Process
Gambling has become one of the most popular activities on a global scale, and Australia is no exception. In fact, the origins and popularity of gambling have been a crucial socio-cultural phenomenon in Australia. The first signs of gambling in the country can be traced back to 1810. Back then, it was associated mostly with the first official horse race betting meeting in Sydney’s Hyde Park, or in other words – the first time when Australian people were allowed to legally place wagers. Other forms of gambling followed. The first…
Read MoreQueensland Government Reports Residents Lost $5.1 Billion to Gambling in 2022-2023 Fiscal Year
Gamblers in Queensland have racked up north of AU$5 billion in losses during the fiscal 2022-2023, according to the latest data released by the government of Australia’s northeastern state. The figures reveal Queenslanders’ gambling losses have increased by 11.3% during the last reporting period, jumping from AU$4.6 billion in the previous year to a whopping $5.1 billion in 2022-2023. The new figures also indicate residents of the state have lost 18.6% more to gambling compared to the last fiscal year before the coronavirus pandemic, when their losses surpassed AU$4.3 billion.…
Read MoreLeaked Email Correspondence Shows Aussie Bookmakers Restrict Customers Who Benefit from Promotional Offers
Evidence gathered during a parliamentary inquiry indicates some sports betting operators in Australia have adopted the practice of restricting wagers from winning punters, while encouraging high-risk gamblers who lose massive amounts. The evidence is in alignment with correspondence obtained by the Guardian Australia, which suggests over a dozen sportsbooks have restricted wagers from punters who generate profits from promotional offers. According to anonymous sources from the gambling industry, imposing such restrictions is necessary since certain gamblers tend to abuse promotions like the deposit-match bonus where sportsbooks match the amount wagered…
Read MoreIncoming National Lottery Licensee Allwyn UK Unveils Details about New Leadership Team
The Czech-based lottery group Allwyn released details about the new leadership team to take over the delivery of the new National Lottery licence in the UK that will officially commence at the beginning of February 2024. As of October 1st, 2023, Andria Vidler will take over the role of Chief Executive Officer from Robert Chvàtal. Lucy Buckley will become the group’s new Chief Commercial Officer, whereas Gaby Heppner-Logan and Martin Novak were appointed as Chief Assurance and Participant Protection Officer and Interim Chief Data Officer, respectively. Current CEO Robert Chvàtal…
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