The federal government believes it has the cross-party support to push through reforms to wagering advertising next week, but at least one opposition MP has expressed his concerns that any new laws won’t go far enough.
While amendments to Labor's key wagering reforms are likely, Prime Minister Anthony Albanese is determined to reduce gambling harm without preventing Australians from making their own choices.
Bookmakers using BetMakers-powered technology to operate their businesses admit they are “nervous” and considering their options after the announcement that the company would be acquired by wagering giant Tabcorp.
Around one third of the increased wagering losses by Australians over the past six years can be attributable to new taxes collected by state governments. Bren O’Brien says any measures to reduce the impact of gambling harm must look at the impacts of increased regulation and taxation on punters.
Gillon McLachlan has flexed his corporate muscle, with Tabcorp confirming it intends to acquire technology company BetMakers in a deal worth $267 million.
Flutter will undergo a global leadership change, with long-term chief executive Peter Jackson to depart the role and be replaced by Dan Taylor.
The Albanese government will need to make significant changes to a key wagering reform bill before parliament, including a possible ban on generosities, if it is to get the Coalition to support its passage into law.
The wagering industry headed to Canberra this week hoping for clarity but instead walked away with a black eye. Bren O’Brien looks at what the likely path forward is for advertising reform, and the impact on the racing industry, given the events of the Senate inquiry.
Sportsbet and Tabcorp have pushed back against explosive allegations about industry conduct aired at a Senate inquiry, as the wagering industry warns proposed advertising reforms could have unintended consequences of moving punters offshore and damaging related industries such as racing.
As prediction markets reshape the global wagering and investment landscape, an Australian corporate regulator has moved to warn about the risks of using offshore platforms beyond domestic laws and oversight.
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