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For Ladbrokes, the move may help continue to diversify their holdings around the world at a time when their domestic market is tightening somewhat. Increased taxes in the UK on fixed-odds betting terminals are expected to hit the company hard, especially with further regulations potentially on the way. A new point-of-consumption tax on online gambling may also pose a challenge for the bookmaker.
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The Australian Communication and Media Authority (ACMA) have ruled out some norms for commercials on the TV. According to their latest rules, any kind of ads relating to gambling and betting should not be shown during live sports streaming on TV and other media. The exact timing has been restricted between 5 AM and 8:30 PM. This is going to make it tough for the Australian gambling operators, as advertising on TV was bringing them good footfalls both to the live as well as
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The recent introduction of fresh restrictions on purchase of foreign currency by Chinese citizens has triggered a sell-off in Macau casinos stocks. Casino operators
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Between March and July of 2013, Journee created new and false bank accounts opened in his friends’ and parents’ names. He then arranged to have overdrafts set up on the bogus accounts and applied for loans. As a manager, Journee was able to access the bank’s core system.
Several parties had raised concern over the suggested gambling policies prior to their implementation earlier this year. Greens MP, Justin Field predicted that gambling losses would rise as pokie machines would be transferred to establishments that saw more traffic. This increase would come despite the fact that fewer pokie licenses were being awarded to club vendors.
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Some groups spread their money around a little more evenly, perhaps sensing that Labor was reluctantly supporting pokies reform in order to keep the Gillard government’s coalition intact. Clubs NSW gave $205,110 to the coalition parties, while handing over $121,200 to Labor. Woolworths – which is the largest operator of poker machines in all of Australia – gave $64,935 to coalition parties and $50,950 to Labor. Their subsidiary that operates pokies directly – Australian Leisure and Hospitality – chipped in another $30,376 to the Liberal Party.