Victorian budget 2018-2019: no mention of the point of consumption tax on betting

On Tuesday, May 1, the Victorian Government established the state’s budget for 2018-2019 but, in spite of rumours of a point of consumption tax being introduced for corporate bookmarkers, lawmakers did not include this topic on the agenda.

Lawmakers from several other Australian states declared that they would introduce a point of consumption tax in order to receive part of the income that remote gambling operators made on their territories. During last year’s talks, the Victorian Government expressed their intention of taking similar measures, but it seems that it will not happen too soon.

Due to lower taxes, the vast majority of Australian bookmakers are registered in the Northern Territory, but they operate across the entire continent. As a result, more state governments have decided to introduce a tax – the point of consumption tax – so that these betting houses had to pay a percentage of their profit to the states where they were servicing, even though they were licensed in another territory.

The tax value depends on local state policies. For example, in South Australia the point of consumption tax on betting is at 15%. As of 2019, Western Australia will implement the same tax. Other states, such as Queensland and New South Wales, have not included this in their budgets yet, but they have promised to do so and have published discussion papers in this regard.

Victorian lawmakers expressed their intentions of introducing the point of consumption tax of 8% in 2017, so many expected the announcement on Tuesday, but it seems that the tax will not come into effect in 2018 or 2019. According to State Treasurer Tim Pallas, lawmakers are still discussing the matter of the point of consumption tax and the public will receive more details on the matter in the upcoming months. Should the tax be introduced eventually, it could generate up to 150 million Australian dollars per year for Victoria.

The point of consumption tax not being mentioned in the budget announcement raised concerns regarding the aggressiveness of betting ad campaigns. A gambling ad ban is currently in place, as the federal government forbids bookmakers from advertising their services during live sports events between 5 am and 8:30 pm. This measure was taken to reduce the exposure of certain categories of the population (especially children or people with history of gambling addiction) to tempting ads and prevent them from gambling irresponsibly, but the lack of a concrete measure has people worried that betting operators will launch aggressive ad campaigns. According to the latest research, a typical Australian betting enthusiast loses around A$1,000 on gambling and there is a great deal of public concern on how much young people are exposed to misleading gambling ads. This is one of the reasons why in 2017 Victorian lawmakers banned gambling ads on public transport and near schools.

As other states implement point consumption taxes and Victoria delays taking measures in this regard, the territory will become more attractive to betting operators, who are likely to increase their activity in this sector. Considering that the Australian betting industry keeps on growing, lawmakers are under pressure to regulate their activity and provide a sustainable legal framework in the best interest of Australian bettors.

Daily fantasy sports come to Australia thanks to DraftKings

DraftKings mentioned that launching daily fantasy sports (DFS) to Australia could end up being more profitable than people expect. Bringing DFS to more markets is the company’s goal since forever. DFS wants to expand internationally and carefully assess what the results will be. The next location for the DFS opening in Australia. DraftKings announced that DFS got all of their legal licenses to launch the company here. The only region that is not included in what DraftKings planned is South Australia, which seems to have its own gaming regime. Yet DFS will reach around 20 million persons in Australia, which is quite impressive.

Fantasy sports sites such as Draftstars, PlayON and Moneyball also serve Australia in terms of DFS. This is why it was paramount for DraftKings to consult the Northern Territory Racing Commission for a permit. The NTRC mentioned that PlayOn and Moneyball are actually sports bookmakers. DraftKings focuses on paid-entry fantasy sports. Anyway, DraftKings decided not to officially announce the launch of DFS in Australia because the sport plans are not yet defined. DraftKings mentioned they will take into account cricket, rugby and Australian rules football. Australians are eager to play NBA and golf as well.

At this moment, DraftKings serves countries such as the UK, Germany, Austria, Malta, and Ireland. At first, DraftKings activated in different parts of the US only. They continue to expand to this day. The CEO of DraftKings, Jason Robins said that Australia is a promising country in terms of launching DFS there because of the high passion of the locals to get closer to such sports. This is why Australia represents one of the most important potential markets for DraftKings and it should not miss the chance of launching here. DraftKings has international expectations that they plan to transform into reality in the future years.

In the DFS industry, there are numerous other companies that can’t even think of launching internationally. For instance, FanDuel immediately pulled back from launching on a global level. They even stopped offering their services to the UK market. Yahoo DFS also decided that they should leave the UK. This means that the only competition that DraftKings will face is PlayON, although they offer niche products. DraftKings has the possibility to launch DFS freely, but it has to pay attention to multiple factors when doing it.

As in any other situation, there are several risks that DraftKings exposes itself to. The company will invest a lot of money in launching and expending it, without properly knowing if it is going to generate the expected profit. DraftKings might need to invest in strong marketing campaigns to gain customers, which is unlikely for the company. The company used to launch on new markets without working too hard on attracting users. This time, marketing campaigns are more like a necessity rather than an option. The addressable potential audience is promising, so – with the right strategy – DraftKings possesses all chances to rule the DFS industry on a global scale.

 

What do Australians excel at? Losing money when gambling

When visiting Australia one thing that will hit you in the face is that they have electronic gambling machines at every step. What effect does this have on people’s savings? Well, the majority of them are not able to save a single penny, because they lose around 24 billion Australian dollars annually. Australia has registered the greatest losses in the world when it comes to gambling.

Here there are numerous forms of gambling, people have access to pokies, casinos and multiple types of electronic gambling machines. The losses reported in Australia are the greatest in the world because they have these machines installed everywhere, not only inside casinos, like other states of the world have. Every hotel, restaurant, and pub has an area dedicated to gambling. What the majority of Australian citizens do not know is that the biggest brands in their country are also the greatest pokies operators. One example is Woolworths –  the most well-known supermarket chain of Australia, which also happens to be specialized in installing gambling machines around the country.

The main question people have in mind is Why does the state approve of pokies being installed everywhere? The answer is simple. A great part of the state’s revenue comes from gambling. If you check the studies you will notice that people are simply obsessed with gambling in Australia, and the less wealthy regions are the ones that spend the most on this pastime activity. Why does this happen? Because casinos have worked on their methods of reaching customers and maximising their income. They invest in exquisite venues, many of them offer free drinks and food to their clients and all of them hire only model-looking people as staff.

To see how big this phenomenon is, there are regions where people make reservations for certain machines in casinos because they consider that they win only if they use a particular one. This shows only one thing, for Australians, gambling is one of the activities they practice the most. Australians state that when they leave home, to go shopping for example, they do not intend to gamble, but they are attracted by the way the casinos and pokies areas are organized.

To show people what is really going on, Andrew Wilkie, an Australian politician, decided to publish documents that show how companies such as Woolworths manage to have so many gamblers. They collect information on their clients and they know when they are likely to spend more, what their favourite activities are, and even if they are married or not. In a state where there are tough regulations for cigarettes and guns, some might wonder why politicians do not confront this issue. There are voices that state that politicians are simply afraid to get involved into a public war with the gambling companies. Others consider that Australians have a blind spot for this activity, like Americans have for guns. Also, some believe that if gambling machines were heavily regulated, this would lead to great job losses, and this is one of the main reasons they prefer to not get involved in the process. What’s the truth? Only time will tell.

Nevertheless, to avoid such troubles, we recommend you to use online casinos, read reviews and forums carefully, as well as to look for trusted and reliable casino operators.

Gambling advertising just became much more complicated

People got used to the many ads popping on television, radio or other digital sources in terms of gambling. Well, this is no longer allowed due to the tighter regulations set by the government. Tabcorp, which is entirely based on online sports and horse racing betting will suffer tremendously given the new regulations. Promotions that are somehow related to gambling or betting in any way will be entirely banned. Even though punters considered these ads extremely helpful, they are now unavailable. Chasing expected losses is no longer considered ethical, and live betting encourages impulse betting. This is the main reason why the NSW Government makes active efforts to reduce the harm of gambling ads.

Third-party marketing or social media are also included in this category and carefully analyzed by the NSW Government. All sorts of international gaming and wagering businesses will be directly targeted by the legislation of the country. Not respecting the new regulations will lead to serious consequences such as fines or even criminal convictions, in extreme cases. All corporate bookmarkers will face a major breakdown considering the fact that they can no longer attract new clients through media and advertising. Newspapers who included special categories for gambling bets will have to cut them down while racing broadcasters might remain out of material to present.

Famous publications like The Daily Telegraph or Herald Sun who previously dealt with wagering advertising need to renew their content based on the new rules. The Principal Racing Authorities also consider that the impact of such legislation changes could affect their media rights. Numerous wagering operators are entirely based on advertising and such a dramatic change could restrict many of their actual possibilities. In addition, directors and senior managers are directly liable for any offense committed.

Because of the mass ban of gambling advertising, many people started to worry about the future of the industry they are working in, the reason why they addressed their issues to the Government, waiting for a response. Yet, the NSW considers any gambling ad against the law and will treat it accordingly. The penalties are substantial and difficult to ignore, starting from$5,000. The directors of various wagering companies are still unpleased with the lack of communication between the government and the industry itself. Colossal names such as bet356, Betfair or Unibet are suffering the consequences of this decision. They continue to sustain that a consultation considering these major changes would have been required beforehand.

The regulatory environment set by the NSW government affected the wagering industry. The television audience was entirely captivated by betting ads, the reason why it is difficult to ignore the aftereffects of this decision. The NSW Government decided to include new regulations during the upcoming weeks. RWA stated that they accept any regulations coming from the NSW Government as long as it takes into consideration the implications they have upon digital platform advertising, broadcasters and national publications. Racing.com or Best Bets could end their activity because of the on-going process, so having regard to all points of view is absolutely paramount in the present situation.

The gambling scene in Australia is facing new advertising restrictions

According to the latest decisions taken by the Turnbull government, it seems that the gambling industry will face some drastic advertising changes from March 30 on.  While until recently gambling promotions were possible during major sports events, once the new regulations come into effect, the industry’ sadvertising possibilities will become limited.

The Australian broadcast sector codes have been adjusted through the collaboration between ACMA, Commercial Radio Australia, Free TV as well as ASTRA and Subscription Television. The announcement has been made public quickly after the industry’s revised codes of practice have been properly registered. Gambling advertisers will no longer be able to share promotional content through media during live broadcasts before 8:30 pm.

The country’s minister of communication – Mitch Fifield – was pleased to accept the changes, congratulating the collaboration amidst the industry and ACMA for a positive community change. He also stated that the community’s complaints regarding gambling advertising were not left unheard, and industry ads will be prohibited during the airing of live sporting events.

The main factor that triggered the implementation of such a change was the concern regarding the exposer of Australian children to this industry’s promotions, so the government has decided to pursue a restriction, starting with five minutes prior to the broadcast and ending five minutes after, during 5:00 am and 8:30 pm local timeframe.

Together with the gambling advertising ban, the Turnbull government’ focus has been redirected towards the sharing of more qualitative content through media channels, as well as the streamlining of the anti-siphoning list. This means, starting from March 30, more events of national or cultural importance are being free-to-air televised. Future goals have also been set revolving the topic, the government aspirin to dissolve unreasonable license fees for broadcasts.

The Broadcast and Content reform changes are discussed to play an essential role in the further economic, as well as social, welfare of the country.

JustBet Faces Ban in Australia

Many years passed from the time when JustBet started to operate in Australia, but now it faces an imminent ban. This ban comes on the heels of the revelation that JustBet is not a registered betting organization in the country. The ban will not be painful as the fact that so many people have trusted this betting platform. Australians find JustBet as the go-to for top-tier games. Also, results show that betting returns on the betting platform are always huge because deals are done in cryptocurrency. That is in addition to the fact that deals can also be carried out in the US dollars.

JustBet took Australian government for a fool

What angers the Australian authorities is that JustBet is working under false registration in the country. And as such is operating with a fake front. The Australians feel that they have been fooled for so long. However, it is not connected to the fact that JustBet’s registration was made with Christmas Island Domain Administration (CIDA), an Australian domain administrator of ‘ex’ addresses. CIDA is an Australian company. The faux pas was that JustBet was being registered with CIDA through an IP by a Panamanian and traced to Costa Rica. The Australian authorities became furious not only that JustBet was operating under pretense but also was never registered at all. There were no traces of registration with any licensing authorities in Australia.

What makes JustBet different

Many things differentiate JustBet from other betting platforms. Some of those things are that it streams live betting on the Australian sports like the Australian Football League (AFL), the AFLX, and the A-League. JustBet also offers live and pre-match betting for many international sports.

A ban on JustBet will not be just a hard hit on the betting world. This will also be a knock on thrive of cryptocurrency. Cryptocurrency hasn’t become mainstream like the traditional money. One of the ways of normalizing and strengthening cryptocurrency is introducing such platforms like JustBet. So now, it is clear that hit on JustBet is just a hit on the cryptocurrency world.

Shutting down of JustBet

The Australian online gambling regulator, Australian Communications and Media Authority (ACMA), said that it would begin full investigations into the JustBet operations. And bad news, under the new Australian law, ACMA can wield its full wrath on any illegal online gambling activity. A vociferous voice against this kind of illegal activity, Mr.Wilkie, condemned JustBet in a very strong term.

With JustBet going down, there are rumors that CloudBet, an equally online gaming platform, will take over. CloudBet has always been a strong competitor of JustBet. Now the war is fighting against JustBet shutdown. Mr.Wilkie called for this when he said:”The site should be shut down immediately, and the Christmas Island Domain Administration should act straight away to remedy the situation.” However Christmas Island Domain Administration is hesitant on shutting it down, claiming that they have not broken the law in any way while registering JustBet. The company also stated that it could operate until the authority files a formal complaint against the platform.

Woolworths reportedly spied on gamblers, reaped benefits

Supermarket chain Woolworths has a set of Pokies-owning pubs that are under investigation after reports show that the staff kept tabs and wrote down personal details about gamblers in order to keep them gambling for longer. An issue that is against many rules that the pubs swore to abide by.

This has occurred after screenshots were shared with federal and state authorities in Australia that showed a digital database that was shared between over 400 pubs. These included the names of certain patrons, their gambling habits, and even which football team that they followed. This information was given by a whistleblower to federal MP Andrew Wilkie, who is investigating the pubs.

“Liquor & Gaming NSW is urgently investigating the allegations as they relate to venues in NSW,” Said The New South Wales gaming regulator “Such behavior is in clear breach of Responsible Conduct of Gambling responsibilities, which all NSW venues with gaming machines are required to uphold.”

One note that was in the database said that a lot of coffee, sandwiches, and promotional items were being used to keep in guests. And even stated that staff is rewarded so long as they “do whatever you have to do to keep people in the room.”

Most of the venues are owned by the Australian Leisure and Hospitality (ALH) Group, which is subsequently owned by Woolworths. The regular claims that it would consider the appropriate disciplinary actions to take if the chain is in violation.

The controversy arises due to the idea that the pub is coercing people to stay as long as possible and spend money above their limit. Since gambling addiction is a serious problem for many people, trying to trick people into spending more than they have is otherwise unethical.

They are not the only ones who had anything to say on the matter either.  Marlene Kairouz, Victorian Gaming Minister, said that people gambling should never be encouraged to spend more than they can.

According to Jeanette Barnes, acting director of Independent Gambling Authority, getting some details on gambling in order to check for problematic gambling behaviors is OK, but Woolworths took it too far.

“We would expect staff to be conscious of…gambling patrons” Which would include other things such as how long they have been gambling, as well as how they are acting. However, she says that getting information on football teams for marketing reasons is far too much information.

Mr. Wilkie later said that although he understands that some states need to own pubs in order to own bottle shops, that the cost of producing so much misery in people far outweighs the profit they would receive. He finishes off by saying that if Woolsworth plans on keeping their gambling machines, that they work hard to make sure that people don’t get harmed by them.

As of now, only time will tell if Woolworths will stick to their end of the accountability, and rectify this issue for the many people they caused to suffer.

Star Entertainment Group – a prosperous company in modern casino industry

Star Entertainment Group is one of the largest entertainment groups in Australia. There are many casinos as well as properties of the group which are located at several locations of the country. Formerly known as Tabcorp the name was changed to Star Entertainment Group in 2015. The company also runs casinos and hotels which is the largest business part of the corporation. The Star Entertainment Group is known for the quality entertainment all over the country and therefore it is highly regarded. The quality of the services is the best and the most advanced ones which have led to the landing of several awards across all the categories. Star Entertainment Group is also known for its long list of ventures with other companies.

Share pricing and current tactics

The current volatility rate of the shares of Star Entertainment Group is 3.08 listed on the stock exchange. As of today the latest volatility trends of the company shows that the trends are moving negatively and therefore the investors are sizing up the company. Today the trading of the stock value is fluctuating and therefore it is highly speculated that the returns will vary. At the same time, it is also advised to all the investors to not speculate and buy shares based on current trends. Complete research of the group is highly advised before making the move. Taking into account the trends of the company at the stock exchange will also help a lot.

Future value of the Star Entertainment Group

Many investors and even companies are speculating that the Star Entertainment Group is much undervalued when it comes to its future growth. In the upcoming years, it is speculated that the company will grow at the rate of the 21% approx. It also means that the stock exchange will definitely see the record-breaking performance by the group. Before making a purchase it, therefore, advised to all the investors to perform health checks and analyze the results. Comparison to other stocks as well as over the time value fluctuation will also make the picture clear.

Huge price variation

The value of the Star Entertainment Group shares highly fluctuates over the period of time. For instance, 16 February 2018 has seen a flat crash of 7.5%. The stock exchange is just like a casino and we all know that. The stock crash also means that the earning per share will definitely fall which is not a good sign for the investors at all. There are many plus points as well for instance the growth of the company. It also means that the future of the company will see a growth and the stock exchange factors affecting Star Entertainment Group will not have a long-term effect.

The bottom line

It is neither too early nor too late to buy the stocks of Star Entertainment Group. It is a big name and therefore it is highly advised to new investors to wait and watch before making a move. It will make sure that you get the right return on your investment and face minimum loss.

Mr Green’s Gaming Tool – Proactive Predictive Tool

Mr Green, an online leading gaming operator, based out of Sweden has recently launched the “Green Gaming Predictive Tool.” This tool offers complete gambling solution, and punters get an insight about their gaming habits.

Mr. Green has decided to implement the gaming tool in UK market first. Based on the player’s gambling behavior, they will assess about the trouble in gambling.

They have also planned to understand the actual behavior of customers during gambling by completing a survey. Based on the results, they will announce the unhealthy and healthy gaming habits.

Birth of The Predictive Tool?

Mr Green felt that playing provides both opportunity and challenge. Gaming industry always offers entertainment and fun for its players, but with a risk associated with it. Mr Green wanted to make playing safe and started thinking about real playing.

In continuation to that thought, Mr Green started thinking in lines of knowing the player’s psychology. They did not want just to make money. Then they came up with an idea to deploy a CRM – Customer Relationship Management System.

As a result, Green Gaming Predictive Tool was born that allows the player to track their performance using a speedometer continuously. The color Green in the speedometer indicates a limited risk, and red color warns that player’s gaming habit is moving towards risk.

Underlying Concept behind “Green Gaming Predictive Tool”

  • First, must know about the gambling customers.
  • The tool will detect the risk involved for players in specific areas.
  • Green will inform players about the Risky behavior demonstrated by them.
  • Going one step forward, Mr Green will encourage players to go slow and stay away from accessing their accounts for a while.

Sustainable Interaction and Mr Green has joined hands to make the gambling tool as a responsible gaming tool.

How Does the Tool Works?

  • It allows the customers to observe their behavior by completing few self-evaluation tests.
  • The questions in the assessment test will kindle their thought and make them understand their playing pattern.
  • It helps them to carry out a comprehensive analysis about their gaming habit.
  • The thought-provoking analysis is based on Volume, Change, Intensity, and Risk.
  • Depending on the outcome of the evaluation, the model gets calibrated.
  • Addition of more data will significantly improve the data’s quality.

Purpose for launching Green Gaming Tool

  • Green Gaming assists players to set a control and tighten their seat belts.
  • The organization can understand the customers in various aspects and just not their finances.
  • The new tool will provide a sports-book to the online casino players in the future.
  • The tool will enable players to take the right decisions at the time of playing.
  • Above all, the sole purpose of any game should be to offer joy and safety.
  • The launch of Green Gaming Predictive Tool is to eliminate the risks involved completely.

Yes, this Predictive Green Gaming tool reminds players of their limits and makes them conscious before they move forward. Now, the customers must get the most out of it to have all the fun and protect from any threats.

Gambling Oases – The History Of US Reservations

It has been over 20 years since that momentous event when Ronald Reagan authorized the opening of gambling enterprises in the Indian reservations. Now slot machines are installed compactly in almost all the settlements of the indigenous population. Not only white Americans are becoming regular customers, but the Indians themselves nourish interest to adrenaline generating machines.

Some groups of citizens also benefit from the law: thus, there is no need for spending hundreds of dollars on crossing Atlantic Ocean or spending a couple of days at pompous Las Vegas – the new path leads gambling adherents to Indian reservation where a relatively cheap relaxation is guaranteed. In addition, online casino owners take advantage of registering their businesses in reservations, providing a legal opportunity to gamble online for gambling fans worldwide. And nbso online casino website – perhaps, the best place to pick up a juicy casino offer. Among the legions of reservation-based casinos the true leaders emerge, such as Mysterious Lake in vicinity of Minneapolis. The casino offers as many as 2,500 slot machines in the truly modern atmosphere with slight authentic incrustations and décor, boasting a statue of Women of the Water Spirit.
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