Connect with us

Legal

46% of gamblers in Australia are “at risk” of gambling negative consequences

Published

on


A recent study by the Australian Gambling Research Centre (AGRC) revealed that 46% of Australian gamblers are at risk of experiencing negative effects associated with gambling. The study was released amidst a public discussion in Australia about the increase in gambling advertisements across the country. In 2021, national spending on gambling advertising surged to AU$287.2m (£155.7m/€177.3m/US$190.0m), a significant increase from the previous year’s spending of AU$15.9m, according to the Victoria Responsible Gambling Foundation.

The study stated that “concerns about the widespread proliferation of betting advertisements in Australia and its effects on gambling behavior and potential harm have been raised by policy makers, service providers, researchers, and the wider community.”

To increase comprehension and aid in the development of better policy responses, the study surveyed Australian adults on their gambling participation, attitudes towards betting advertisements, the influence of exposure to such advertisements on their behavior, and their opinions on potential policy responses.

Survey results

According to the AGRC survey, gambling is prevalent in Australian society, with 73% of all adults in the country having placed at least one bet in their lifetime. A significant portion of the population, 38%, regularly gamble at least once a week.

Advertisement

The most popular products for betting are lotteries, scratchcards, horse racing, sports, and poker machines, as stated by the Foundation.

The study also demonstrated that men tend to gamble more frequently, spend more money, and are at a higher risk of experiencing negative consequences related to gambling than women. Men gambled more on every product included in the survey.

Attitudes to industry

The AGRC’s survey also included questions about the general attitudes towards gambling in Australia, even among those who do not gamble regularly. A significant majority of the population (77%) agreed that there are “too many opportunities for gambling nowadays.”

Additionally, 68% of Australians believe that gambling can be harmful to family life, and 59% think that it should be discouraged. The majority of respondents reported being regularly exposed to gambling advertising, with 78% encountering it at least once a week in the past year. Approximately 41% of respondents stated they encountered gambling advertisements around four times a week.

Advertisement

The AGRC’s research revealed that young people aged between 18-34 were more likely to be exposed to gambling advertising through social media or online channels, while individuals aged 55 or above were more likely to come across gambling advertisements through traditional media like television, radio, or print.

Support for reform

Individuals who participated in the survey were also asked about their political attitudes towards gambling and gambling advertising in Australia, according to the research institute.

The study revealed that 64% of Australians believed that the government should play a larger role in regulating how wagering is advertised. The Foundation noted that many Australians supported an outright ban on gambling advertising, with 53% of respondents indicating their support for a watershed ban on all advertising broadcast before 10.30pm, as opposed to the 19% who opposed it.

Nearly half (47%) of respondents said that they supported a ban on all social media advertising, compared to the 23% who were opposed. In addition, 42% of people expressed support for sponsorship bans.

Advertisement

The report stated that the findings from the research can help to inform future regulatory and policy responses aimed at reducing gambling-related health, social, and economic harms to affected individuals and communities.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Legal

New Jersey Clears Evolution in High-Profile Misconduct Investigation

Published

on


The NJDGE’s decision not only vindicates Evolution but also highlights the complexities of regulatory compliance in the global gaming industry. As Evolution moves beyond this investigation, its commitment to enhancing compliance processes and cooperating with regulatory bodies sets a benchmark for industry practices. The case serves as a reminder of the perpetual balance between innovation, market expansion, and adherence to international regulatory standards, with Evolution at the forefront of navigating these dynamics.


Introduction: A Resounding Clearance for Evolution

On February 20th, 2024, the New Jersey Division of Gaming Enforcement (NJDGE) concluded a pivotal chapter in the gaming industry by dismissing allegations against Evolution, a leading provider in the sector. Stemming from November 2021, the case scrutinized claims that Evolution’s offerings breached U.S. trade sanctions, a situation that momentarily cast a shadow over the company’s operations and financial standing.

Allegations Dismissed: A Detailed Examination

The initial allegations suggested Evolution’s products were accessible in countries under U.S. sanctions, including Syria, Iran, and Sudan. Such claims, introduced by the law firm Calcagni & Kanefsky LLP, momentarily rattled Evolution’s market presence, wiping billions from its market capitalization. Evolution vehemently disputed these allegations, attributing them to an anonymous source with intentions to tarnish its reputation.

NJDGE’s Comprehensive Investigation

The NJDGE embarked on an exhaustive investigation to ascertain the validity of these allegations. Evolution cooperated fully, asserting its commitment to regulatory compliance and highlighting its sophisticated tools designed to block access from sanctioned countries. Ultimately, the NJDGE’s findings corroborated Evolution’s stance, revealing no evidence of the company’s engagement in prohibited jurisdictions.

Advertisement

Evolution’s Proactive Enhancements

Despite the clean bill of health, Evolution seized this opportunity to fortify its due diligence and compliance frameworks further. These enhancements, although not stemming from jurisdictional violations, received the NJDGE’s endorsement, showcasing Evolution’s dedication to maintaining the highest compliance standards.

Technical Manipulation and Geographical Checks

Evolution detailed the technical complexities involved in the alleged access from sanctioned territories. It pointed out that such access required sophisticated manipulation, including the use of virtual private networks (VPNs), to falsely represent a player’s geographical location. Evolution criticized these manipulations as deliberate attempts to bypass established geographical checks, aiming to undermine its credibility.

Operator Responsibility and Compliance

Evolution emphasized its role as a content provider, distancing itself from direct player interactions or financial transactions. The company underscored that its operator partners bear the responsibility for conducting thorough Know Your Customer (KYC) checks, ensuring players’ compliance with geographical and regulatory requirements.

Ongoing Legal Challenges

Despite this significant regulatory clearance, Evolution continues to navigate legal waters with an ongoing class-action lawsuit. This separate legal battle accuses Evolution of misleading investors regarding its growth potential and compliance practices. The lawsuit underscores the intricate challenges facing global gaming providers amid evolving regulatory landscapes.

Advertisement

Continue Reading

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.