Australia

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

Published

1 year ago

May 22, 2019

George Miller

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

Photo source: publico.pt

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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

Australia

Australia’s COVID-19 Lockdown Gives Windfall to Gamblers

Published

7 days ago

May 27, 2020

Niji Narayan

Australia’s COVID-19 Lockdown Gives Windfall to Gamblers

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The lockdown in Australia due to the COVID-19 crisis has given gamblers an unexpected windfall.

Facilities that offer electronic gambling machines have remained closed because of restrictions designed to slow the spread of the virus.

“That means that Australians are saving one billion U.S. dollars a month. And that is money that is appearing in people’s bank accounts and they are able to pay the bills and put food on the table, and for many people who are gambling heavily, this has come as a huge relief,” Tony Mohr, executive director of Alliance For Gambling Reform, said.

Australians lose more money to gambling than people living in any other country, almost 25 billion Australia dollars (about 16.3 billion U.S. dollars) a year. More than half of that money is pumped into electronic gambling machines.

“A woman at Easter had told me that she had money to buy Easter eggs for her children without trying to work out where to get the money from for the first time in years,” gambling reform advocate Anna Bardsley, who had a 10-year addiction to electronic gambling machines, said.

“The time is a huge loss to me. I’ll never get that time back and time that I could have been doing much better things, time that I should have been spending with my children. It was such a huge waste of time,” she said.

The shutdown has hit Australia’s gambling industry hard financially.

NSW Clubs, which represents more than 1200 facilities in New South Wales that offer electronic gambling machines, has reportedly estimated a loss of more than 35,000 jobs.

Australia

Australia’s ACMA Moves to Block 10 More Illegal Gambling Websites

Published

2 weeks ago

May 21, 2020

Niji Narayan

Australia’s ACMA Moves to Block 10 More Illegal Gambling Websites

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The Australian Communications and Media Authority (ACMA) is set to request Australian internet service providers (ISPs) to block 10 more illegal offshore gambling websites.

The sites to be blocked are Grand Fortune Casino, Raging Bull Casino, True Blue Casino, Free Spin, Two Up Casino, BoVegas, Cherry Gold Casino, Slots Empire, Red Dog Casino and Wild Joker.

ACMA received over 30 complaints about these services that are accessible in Australia. ACMA’s investigations found that these sites breach the Interactive Gambling Act 2001.

Australia

Aristocrat Prices New US$500 Million Term Loan B Facility

Published

2 weeks ago

May 19, 2020

Niji Narayan

Aristocrat Prices New US$500 Million Term Loan B Facility

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Aristocrat Leisure has priced a new US$500 million term loan to strengthen the group’s liquidity and balance sheet.

Aristocrat said the proceeds of the loan will be used for general corporate purposes and was strongly supported by existing and new investors. The maturity date of the loan is October 2024.

“We are very pleased with the outcome of this debt raising which was significantly oversubscribed. The TLB market continues to provide Aristocrat with flexibility and competitively priced debt on a covenant light basis and we are grateful for the ongoing support of this important debt market,” Julie Cameron-Doe, CFO of Aristocrat, said.

“The transaction is part of our ongoing strategy to further enhance our liquidity, continue to invest for growth and position the group to emerge strongly from the current COVID-19 related challenges,” Julie Cameron-Doe added.