Good Morning. Out with the old, in with the new. A recent study conducted over a decade in the Australian state of Victoria revealed a decline in traditional gambling participation but a significant increase in online gambling. The research found that while overall participation decreased slightly from 2008 to 2018, online gambling rose dramatically from 4.8 to 19 percent during the same period, with a corresponding decrease in land-based venue-only gambling.
Meanwhile, the UK Gambling Commission has announced that Bet365 will have to pay a hefty fine for anti-money laundering measures and social responsibility. Moving to Macau, brokerage Citigroup noted that all baccarat tables equipped with smart gaming technology could help operators grow their gross gaming revenue without the need to increase foot traffic into the casinos or reduce operating expenses.
What you need to know
- Researchers uncovered that, while overall participation rates on ‘traditional’ gambling in Victoria have decreased, online gambling participation has increased ‘dramatically’.
- Bet365 was handed a fine by the UK Gambling Commission for compliance failures in anti-money laundering measures and social responsibility.
- Citigroup supports the usage of smart gaming tables in Macau, as they believe the technology can eventually increase gaming revenue.
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AGB Intelligence
AUSTRALIA
Victoria sees 10-year drop in traditional gambling, spike in online gaming
A recent study by the Victorian Responsible Gambling Foundation and Christine Stone Consulting revealed a decline in traditional gambling but a significant rise in online gambling in Victoria over a decade. Despite a slight decrease in overall participation, online gambling surged from 4.8 to 19 percent, accompanied by a drop in land-based venue-only gambling. Additionally, the research highlights the vulnerability of male gamblers and young adults and the varied risk levels across different forms of gambling, including racing.
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