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Aussie Tv Stations Need Gambling Ad Dollars
Monday May 27,2013 : AUSSIE TV INDUSTRY NEEDS BETTING ADVERTISING DOLLARS SAYS MINISTER
Now NSW ban on jersey, stadium and venue signage being considered
As the industry chews over the latest limits proposed by the Australian Government on live-odds during TV sports, Communications Minister Stephen Conroy has come out saying the industry cannot afford to lose the estimated A$40 million per annum ad spend from betting companies as the debate over a total advertising ban continues.
Federal Parliament gambling antagonists that include Senator Nick Xenophon, Labour MP Stephen Jones and the Greens believe the Government has not gone far enough with the spruiking of odds ban and that it should have banned gambling advertisements during children’s television viewing time. "I retain my concerns and I'll be perusing them with the Prime Minister today [Monday] and my caucus colleagues over the course of the week,'' Jones told Fairfax Media.
Steve Allen, managing director of Fusion Strategy, an advertising market analytics firm, said the latest ban may reduce ad spend by as much as A$10 million.
Gambling firm advertising on player jerseys, venue signage and stadium naming rights are reportedly also under review by the New South Wales' State Government reports The Brisbane Times with Gaming Minister George Souris saying measures were under consideration to address "gaping holes" left by the Federal Government's initiative as generic gambling advertisements would still be allowed during half and quarter-time breaks. ''I do not believe it is enough to only ban live odds spruiking during broadcasts, but allow generic advertisements for corporate bookies during breaks in those broadcasts. I am calling for a total ban.''
Souris used the spotlight to additionally call for tough action on internet gambling describing it as an "even greater scourge, as there is almost no oversight whatsoever leaving adolescents and children vulnerable".
But the prospect of further restrictions on advertising isn't sitting well with Panthers Group chief executive Warren Wilson as National Rugby League Club Penrith Panthers assigned stadium naming rights to Centrebet for $1.5 million in a deal that runs to the end of 2015. ''That's straight out of my pocket, the Panthers' pocket, the first day they bring that rule in,'' Wilson said. ''What are they giving me in compensation? Nothing. All they are doing is allowing offshore betting companies to bet on my product here and not get me a percentage.''
A quick poll run by The Brisbane Times Monday asking for votes on whether the Federal Government's restrictions on sports betting go far enough revealed 11 percent of a total 2268 respondents responding Yes, 84 percent saying No and 5 percent not sure.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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