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Online Betting Taking Australians Away From Land Gambling
Saturday August 17,2013 : SOUTH AUSTRALIAN CLUBS CONCERNED AT ONLINE GAMBLING COMPETITION
Claims that online betting is taking Aussies away from land pokie machines
The Herald Sun newspaper reported over the weekend that online gambling is proving to be formidable competition for land pokie machines, reducing club revenues and the amount of tax paid to the state government in South Australia.
The article quotes the latest Consumer and Business Services Department figures, which reportedly show South Australian punters lost A$731 million on poker machines last financial year, down A$60 million from 2006-07 highs.
It is the second-lowest result in the past decade, and means provincial government coffers will lose around A$34 million of tax revenue it was expecting in last year's Budget forecast.
Australian Hotels Association SA general manager Ian Horne told The Sunday Mail newspaper that revenue from gambling, as well as food and drink sales in pubs, had flat lined in the past five years.
"There has been an extraordinary explosion of online gambling," Horne said. "Go back a decade and the only place that had a 42-inch flat screen TV was a pub, now they're very common."
Horne said the trend from poker machines to online gambling posed major problems for governments, which were less able to regulate cyber-betting or claim tax revenue from it.
Clubs SA deputy president Bill Cochrane told the Herald Sun that many sporting organisations were struggling to fund their activities as punting moves away from poker machines to the internet.
"If there is revenue being raised through gambling, it should be at least coming back to the state and used for the community benefit," he said. "While there's more money moving off to these online gambling sites, we're getting less and less money for sport and recreation.
"People can just gamble as much as they like on their phones and computers these days and don't get out and have be under all of the controls that are in pubs and clubs."
The newspaper reports that South Australia's government has had to reduce this year’s estimated tax revenues from poker machines, and that tax revenues from the pokies had declined by A$200 million over the past four years.
The 2012-13 financial year continued the declining trend, undershooting even the state government's amended and more cautious targets by A$2 million.
Predictably, anti-online gambling politician Sen. Nick Xenophone had an opinion, saying federal action was needed to minimise harm.
He suggested that banks could be forced to blacklist problem sites, credit could be eliminated from sports betting accounts and gambling advertising during sports programs better regulated.
The 2010 review of online gambling conducted by the Productivity Committee found many punters were drawn to online gaming because it offered better prices and more variety, but warned it may increase problem gambling through its "high level of accessibility".
South Australia Premier Jay Weatherill has flagged plans to crack down on online gaming, recently saying he would seek the views of experts.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
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Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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