Connect with us

Daily News

Victoria’s Push for Stricter Gambling Ad Rules to Safeguard Youth

Published

on


In a resounding call to action, a parliamentary committee in Victoria, Australia, has unleashed a fervent plea for more stringent regulations governing gambling advertisements. With a razor-sharp focus on safeguarding the younger generation, these recommendations aim to reshape the landscape of how gambling-related content is disseminated, especially during primetime broadcasts and in public spaces.

In a resounding call to action, a parliamentary committee in Victoria, Australia, has unleashed a fervent plea for more stringent regulations governing the pervasive world of gambling advertisements. At the heart of this impassioned drive lies a singular goal: the protection of the younger generation from the potential pitfalls of unrestrained exposure to such content. As concerns mount about the impact on impressionable minds, this comprehensive set of recommendations represents a pivotal step toward reshaping the very fabric of how gambling-related information is disseminated.

The Public Accounts and Estimates Committee (PAEC) of Victoria embarked on this transformative journey after an exhaustive eight-month review. Their deep dive encompassed a trio of auditor-general reports, collectively illuminating the urgent need for recalibration in this arena. At the forefront of their recommendations is a compelling push for restrictions during primetime broadcasts, a crucial element in their mission to shield the youth from the allure of gambling.

Committee Chair Sarah Connolly, a staunch advocate for this cause, articulated the imperative nature of these proposed rules. She emphasized the critical importance of nurturing a protective environment to safeguard young minds. “Our culture has often been described as one that tends to normalize both drinking and gambling,” Connolly remarked. She further highlighted how these societal norms have become increasingly entrenched, exacerbated by the ever-expanding reach of social media and digital technology.

Advertisement

The PAEC’s extensive report, adorned with 96 findings and 61 robust recommendations, stands as a testament to the depth of their commitment. It draws its strength from a wellspring of insights, including 54 public submissions, three days of meticulously conducted public hearings, an illuminating site visit to Geelong, and a thought-provoking youth roundtable.

This impassioned push for stringent regulations arrives on the heels of a federal parliamentary inquiry’s clarion call, issued merely five months ago. That federal inquiry fervently championed a phased ban on online gambling ads over a three-year horizon. It underscored the necessity of such measures by pointing to the unintended consequences of existing restrictions, which included a dramatic surge in advertising outside the stipulated timeframes. This unanticipated deluge of content has contributed to the prevailing perception of saturation, a phenomenon that cannot be ignored when seeking to protect young and impressionable minds from the allure of gambling.

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 *

Daily News

SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report

Published

on


In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.

Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.

A Year of Remarkable Growth

Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.

Expanding Reach and Impact

One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.

Advertisement

Introducing the Prime Jackpot Campaign

A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.

Insights from SOFTSWISS

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.

Looking Ahead to 2024

In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.

Meet SOFTSWISS at ICE London

The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.

Advertisement

About SOFTSWISS

SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.

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.