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Australia Enacts Landmark Online Gambling Credit Card Ban: A Game-Changer in Responsible Gaming



Australia’s Groundbreaking Move: Senate Passes Comprehensive Online Gambling Credit Card Ban

In a historic move, the Australian Senate has unanimously approved a revolutionary bill, the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023, imposing a stringent ban on the use of credit cards in online gambling. This landmark legislation marks a significant shift in Australia’s approach to online gaming, prioritizing financial security and responsible gambling practices.

Introduced in September 2023, this bill extends the existing prohibition of credit card gambling in physical venues to the digital realm, effectively establishing a comprehensive ban across the nation. The House of Representatives had already passed the bill, setting the stage for the Senate’s decisive action on 6 December.

The legislation includes several key components aimed at enhancing the integrity and safety of online gambling. Penalties for non-compliance are severe, with fines up to AU$234,750. Additionally, the Australian Communications and Media Authority (ACMA) is empowered with new enforcement capabilities, ensuring strict adherence to the ban.

The bill, however, will not be immediately enforceable. The Australian government has instituted a six-month transition period for operators, payment providers, and consumers to adapt to the new regulations, following royal assent.


In-depth consultations with various stakeholders, including operators, harm reduction advocates, and financial institutions, have shaped this comprehensive legislation. Responsible Wagering Australia (RWA), a key proponent of the ban, has lauded the bill’s passage, emphasizing the necessity for Australians to gamble only with available funds. However, RWA CEO Kai Cantwell has expressed concerns over the exclusion of lotteries and keno from the ban, given their prevalence and impact on lower socioeconomic communities.

Highlighting the Bigger Picture: This move aligns with global trends in promoting responsible gaming. Notably, Great Britain implemented a similar ban in 2020, influencing the Australian initiative. The bill is a culmination of efforts dating back to 2019, including consultations by the Australian Banking Association and preemptive actions by banking groups like Bank Australia to curb credit card gambling.

In summary, Australia’s comprehensive credit card ban in online gambling represents a significant advancement in responsible gaming and consumer protection, setting a precedent for other nations to follow.


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.

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FDJ’s Acquisition of Kindred Group Shaping the Future of Global Gaming



FDJ’s acquisition of Kindred Group, facilitated by regulatory approval and strategic shareholder engagement, signifies a transformative moment in the gaming industry. This deal exemplifies the intricate balance between regulatory compliance, shareholder value, and strategic growth ambitions. As the industry stands at the cusp of further consolidation and innovation, the FDJ-Kindred transaction heralds a new era of strategic realignment and competitive positioning in the global gaming landscape.

A Monumental Shift in Gaming Dynamics

The Swedish Financial Market Supervisory Authority (SFSA)‘s approval of Française des Jeux’s (FDJ) offer to acquire Kindred Group marks a pivotal moment in the global gaming and betting sector. This green light not only accelerates FDJ’s strategic expansion but also underscores the evolving landscape of international gaming regulations and corporate alignments.

Navigating Regulatory Waters

The SFSA’s endorsement is a crucial step in FDJ’s ambitious acquisition plan, setting the stage for a public offer slated to commence imminently. This regulatory approval highlights the meticulous scrutiny and compliance standards governing mergers and acquisitions within the sector, ensuring that such transactions align with market stability and shareholder interests.

A Call to Action for Kindred Shareholders

The forthcoming Extraordinary General Meeting (EGM) represents a critical juncture for Kindred Group, with proposed statutory amendments necessary for facilitating the acquisition. This meeting, aimed at achieving the requisite shareholder consensus, signals the importance of shareholder engagement in steering corporate direction and strategy.


The Path to Acquisition: Shareholder Conviction and Strategic Vision

FDJ’s pursuit of Kindred Group, contingent upon securing 90% of total capital, reflects a strategic maneuver to consolidate its position in the global gaming market. The offer per share, valuing Kindred at approximately €2.6 billion, has garnered unanimous board endorsement and significant shareholder backing, illustrating the alignment of strategic interests and the perceived value of this consolidation.

Activist Influence and Strategic Realignment

The role of activist shareholders, notably Corvex Management, in advocating for Kindred’s sale underscores the dynamic interplay between corporate governance and shareholder activism. Their successful campaign for board representation and strategic evaluation reflects a broader trend of active investor engagement in shaping corporate trajectories.

Implications for the Global Gaming Industry

This acquisition not only exemplifies the financial and strategic considerations underpinning such deals but also highlights the regulatory complexities and shareholder dynamics involved. As the gaming industry continues to evolve, driven by technological advancements and regulatory changes, the FDJ-Kindred merger serves as a case study in strategic growth, market consolidation, and the pursuit of competitive advantage.


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