Good morning. Shutting down the leak. A group of over 60 prominent Australians, including former prime ministers, politicians, athletes, and community leaders, is calling on the Australian government to implement a complete ban on gambling advertisements within the next three years. This push comes amid growing concerns over the country’s per capita gambling losses, estimated at AUD25 billion ($16 billion) annually, one of the highest rates in the world. Meanwhile, gross gaming revenue in the Philippines experienced a notable 32.3 percent year-over-year increase in the second quarter of 2024, reaching PHP89.23 billion ($1.56 billion). This growth was driven by a substantial 525 percent surge in the eGames sector, which generated PHP30.85 billion ($538.66 million) in revenue.
What you need to know
- A group of prominent Australians is calling on the government to implement a complete ban on gambling advertisements in the country.
- Philippines GGR was up by 32.3 percent yearly in the second quarter, hitting PHP89.23 billion ($1.56 billion).
On the radar
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- Universal Entertainment posts sharp profit decline in 2Q of 2024.
- RGB restructures investment in Philippine EGM leasing agreement.
- Paradise Co sees mixed results amid VIP growth and rising costs.
- Indonesian government targets payment platforms facilitating online gambling.
AGB Intelligence
AUSTRALIA
Australians call for gambling ads ban within 3 years
A coalition of over 60 prominent Australians, including former prime ministers, politicians, athletes, and community leaders, is urgently calling on the federal government to implement a complete ban on gambling advertisements within the next three years. This campaign comes amidst growing alarm over Australia’s staggering per capita gambling losses, estimated at a staggering AUD25 billion ($16 billion) annually – one of the highest rates globally. In an open letter to the Prime Minister and opposition leader, the signatories decry the pervasive presence of gambling ads across television, radio, and billboards, and their detrimental impact on vulnerable populations, especially children.
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