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New South Wales to adopt a 10 per cent tax regime on online gambling

Niji Narayan

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The Australian state of New South Wales has decided to enforce a 10 per cent tax rate on gross gaming revenue (GGR) on online betting. This is somewhat more than the 8 per cent tax in Victoria. The government has faced the pressure of from local gambling group Tabcorp who lobbied for 15 per cent point-of-consumption tax on online betting – like the tax regime that was introduced in South Australia, Western Australia and Queensland. But the New South Wales government has withstood the pressure to introduce a more balanced tax regime of its own.

All the operators will get a tax-free threshold of A$1 million a year.

State Treasurer Dominic Perrottet revealed Tuesday that the tax will be formalised on all online sports bets within the state when the state budget is finalised next week, and will commence from January 1 next year. Observers say that the Treasurer will shortly announce that a substantial portion of the p.o.c. tax harvest is earmarked for the state racing, thoroughbreds, harness and greyhounds industry.

NSW hopes to raise about A$100 million from the tax. The government was lobbied on the tax proposal by online companies, who argue that the 15 per cent rate is based on the British p.o.c. tax model which does not take into account the fact that the betting operators in Australia already pay GST, payroll tax and product fees…and TAB has an exclusivity arrangement in relation to on-the-ground betting.

 “The introduction of a point of consumption tax is an important step to ensure that we are levelling the playing field given the wagering tax paid by on-site (retail) operators,” Perrottet said in a statement.

“Following an extensive consultation period with stakeholders, this decision will resolve the disconnect between the jurisdiction where gambling activity occurs and where it is taxed. We also want to make sure that the racing industry is no worse off under these changes, which is why we have taken steps to ensure that they receive fair compensation and that existing parity arrangements are unchanged.”

“We think 10 percent strikes the right balance and that online corporate bookmakers should contribute their fair share,” Perrottet said. “However, a 15 per cent additional tax on top of GST and race field fees would be an excessive burden on players in the market. We will review our 10 percent rate in 18 months and also keep a close watch on how other states progress with their POCT.”

Source: reviewed-casinos.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Australia

New South Wales families and youth at centre of responsible gambling grants

George Miller

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New South Wales families and youth at centre of responsible gambling grants
Photo source: publico.pt
Reading Time: 1 minute

 

Five universities will share in almost $400,000 funding from the NSW Office of Responsible Gambling for research to help prevent and reduce gambling harms.

The office’s director, Natalie Wright, said the 2019 Responsible Gambling grants support innovative projects with a focus on youth, families and new technology.

“Technology and in particular online betting have made it easier than ever before for people to gamble,” Ms Wright said.

“We need to better understand betting motivations and what approaches work best for people at risk of gambling harm.

“It’s also important our research looks into the impact of gambling technology and innovation on younger people as well as the effectiveness of support for families of problem gamblers.

“By funding programs and research projects like these, we will further develop and underpin the evidence base for responsible gambling policy and programs.”

Of the five successful grants, four will focus on youth and family with studies on issues including the effects problem gambling has on family members and how to best educate young people about the risks associated with gambling.

The successful projects are:

·         Design Innovation Research Centre, University of Technology, Sydney: Design an animation series educating young people on responsible gambling

·         The Australian National University: Addressing gambling harms experienced by female concerned significant others

·        Central Queensland University: Loot boxes: Are they grooming youth for gambling

·        Deakin University: Family member treatments: Systematic review and content analysis across addictions

·        University of Sydney Business School: Do ‘cash-out’ products offered by bookmakers exploit behavioural biases.

For more information, visit www.responsiblegambling.nsw.gov.au

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Australia

Latest NSW Gaming Machine Data Released

George Miller

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Latest NSW Gaming Machine Data Released
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Liquor & Gaming NSW has issued its latest gaming machine data updates as part of the NSW Government’s commitment to boost transparency on gambling activity in local communities.

The data reports can be viewed on our website and include:

  • Gaming machine numbers and net profit for each NSW local government area (LGA)
  • Net profit rankings for all NSW venues with gaming machines
  • Gaming machine tax paid to the NSW Government for each LGA.

The latest reports cover 1 June 2018 to 30 November 2018 for clubs and 1 July 2018 to 31 December 2018 for hotels. Due to seasonal factors, gaming machine profits are historically higher in the second half of each calendar year.

 

Compared to the previous six-month period:

  • The number of gaming machines in operation fell by 300 in clubs and by 3 in hotels.
  • The number of club gaming venues fell by 7, and the number of hotel gaming venues fell by 40.
  • Net profit rose by 4.1 per cent for clubs and 13.4 per cent for hotels.

 

 Compared to the same six-month period in 2017:

  • The number of gaming machines in operation fell by 565 in clubs and by 184 in hotels – an overall fall of 749.
  • The number of club gaming venues fell by 17, and the number of hotel gaming venues fell by 59.
  • Net profit increased by 0.5 per cent for clubs and 6.4 per cent for hotels.

 

For more information on gaming machine data, view our fact sheet.

 

MEDIA INQUIRIES: Eric Aubert (02) 9995 0794, 0438 207 294.

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Australia

Gaming Innovation Group partners with SKYCITY Entertainment Group Limited

George Miller

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Gaming Innovation Group partners with SKYCITY Entertainment Group Limited
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Gaming Innovation Group Inc. (GiG), has signed a long-term agreement with SKYCITY Malta Limited, a subsidiary of New Zealand based SKYCITY Entertainment Group Limited (SKYCITY), for the provision of its turnkey online casino solution including a gambling licence. The turnkey solution includes the technical platform, fully managed services, gaming content, front end development, CRM, compliance and marketing. GiG will operate the online casino site from Malta on behalf of SKYCITY, offering online gambling to consumers in New Zealand.

GiG will support the expansion of SKYCITY’s growth in its new vertical of online casino, powered by GiG’s cutting-edge technology, flexible architecture and industry know-how.

SKYCITY is a listed company in both New Zealand and Australia and is New Zealand’s largest and most renowned tourism, leisure and entertainment company with casino gaming facilities in both countries. There are currently six land-based casinos operating in New Zealand, of which SKYCITY owns four.

The vision for SKYCITY, is to be the leader in gaming, entertainment and hospitality in its communities. One of the cornerstones in its corporate responsibility mission is the importance of responsible gaming.

All gambling which takes place in New Zealand is regulated by the country’s Department of Internal Affairs. The general expectation is that the country will regulate online casino gambling in the foreseeable future.

The launch of the online casino offering is planned for Q3 2019, GiG does therefore not expect a material impact on its revenues this year. However, this partnership is expected to make a significant positive contribution to GiG’s revenues from 2020 onwards.

Graeme Stephens, Chief Executive Officer of SKYCITY says: “SKYCITY is delighted to be partnering with GiG to establish an online casino offering, based in Europe. Growing and diversifying our earnings is a key component of our group strategic plan and developing an online presence to complement our existing land-based casinos in New Zealand will enable us to offer an enhanced gaming proposition for customers. GiG are an exciting and innovative technology company with best-in-class teams, systems, platforms and products and importantly share our focus on responsible gaming and host responsibility. We look forward to working with Robin and the team as we enter an exciting phase of growth at SKYCITY.”

Robin Reed, Chief Executive Officer at GiG says: “I am delighted that GiG is partnering with SKYCITY, we share the same high standards and ambitions for a safe, responsible and entertaining gaming experience for the end users. With this landmark deal, we are also entering a completely new continent where we can build on our ambition as the global partner for strong brands in iGaming.

We look forward to supporting SKYCITY in its expansion into the online space, where our full suite of products and solutions all form part of a very competitive offering to its online customers. New Zealand is preparing for the regulation of online casino gambling and we are there to support our partner further when it happens.”

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