Tabcorp’s David Attenborough has welcomed the proposed tough new stance on betting advertising, saying the crackdown is a result of the wagering industry being unable to regulate themselves adequately.
According to the Australian Financial Review, the CEO said the TV ad bans proposed by crossbench federal MP Andrew Wilkie and Senator Nick Xenophon had a good chance of being introduced.
“We have said consistently there is too much gambling advertising,” he told AFR. “We haven’t done as much advertising, mainly because we pay more tax than the corporate bookmakers. They have been able to put that saving into into their advertising, whereas we don’t have that money to spend because we pay all those taxes.”
Attenborough said the current volume of advertising was hurting the reputation of the wagering industry.
Informal discussions have already been made about how to cope with the potential ban, which has been labeled as “draconian” by Seven West Media CEO Tim Worner, according to AFR.
Senator Xenophon has reportedly flagged a compensatory scheme design to lessen the financial impact on sport and television at least in the short term.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
The local government has decided to extend tax incentives for the two casinos facing the economic challenges of the pandemic through the end of 2020. This two-month extension is estimated to reduce tax intake by about 7.3 million rubles (US$96,000).
Imperial Pacific International’s parent company, IPI Holdings, has been collecting “receivables” but not sharing them with its subsidiary on Saipan, the Commonwealth Casino Commission said.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
