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AUSSIE GAMBLING A PROFITABLE BUSINESS

Monday, October 17, 2011 : New South Wales clubs alone process over A$11 billion in wagers every three months
 
The clubs industry in Australia is currently fighting to retain a thriving 'pokies' industry in the face of federal government moves to make players nominate how much they are prepared to lose over a set period - a 'pre-commitment' strategy designed to reduce the risk of problem gambling.
 
Figures out this week from the Office of Liquor, Gaming and Racing at the behest of the Sun-Herald newspaper show that Aussies love to gamble, with more than A$ 11 billion being wagered every three months through land clubs in New South Wales alone, generating profits of around A$800 million.
 
Taking up the story, the Sydney Morning Herald reported that cash donations to charities and community organisations account for only 2.7 percent of NSW club income.
 
The chair of the Australian Churches Gambling Taskforce, the Reverend Tim Costello, claimed: "Australians spend $12 billion a year on poker machine gambling. Six hundred thousand people play at least weekly and, of these, 95,000 are addicted to pokies. A further 95,000 are at risk of developing an addiction.''
 
Costello also claimed that there are currently around 200,000 poker machines in Australia, generating average revenue of A$60,000 each. ''Nearly all of these are high-intensity machines. In most states, a gambler can play maximum lines and maximum credits. That means, on high-intensity machines, it's possible to feed A$15,000 an hour into these machines. Losses average A$1200 an hour. People addicted to poker machines tend to play maximum credits and maximum lines, averaging losses of around A$21,000 a year. Some lose a lot more,'' Costello told the newspaper.
 
Despite the high revenues involved, a spokeswoman for ClubsNSW, Carissa Simons, said only just over half of the 1256 registered clubs in NSW made a profit.
 
''Clubs also have to pay the salaries of 43,000 staff, tax and all the costs of running a business,'' Ms Simons said. ''The fact that they are, on average, able to donate 2.7 per cent of their income in cash alone to local community and charities is remarkable and perhaps the reason why just 52 per cent of clubs are currently making a profit.''
 
The clubs spent $66 million on community contributions in 2010, according to figures compiled for The Sun-Herald by the Office of Liquor, Gaming and Racing. Official figures also show the state government earned $66 million in revenue from the 1256 NSW clubs and their 70,905 gaming machines in the three months to May this year.
 
The pre-commitment measure is a condition imposed by federal independent senator Andrew Wilkie for his critical support of the minority Labor Party government in Australia, and he wants to see it implemented by 2014.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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