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Is gambling getting worse in Australia?
Australians are the biggest (or worst) gamblers in the world per capita. And the problem appears to be getting worse: we recorded the largest gambling losses ever in 2024 (A$32 billion). The gambling ecosystem benefits greatly from addicted consumers to sustain and grow its revenue streams.
Understanding Online Casino Fundamentals
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- Australian-friendly payment methods include PayID, major credit cards, e-wallets like Skrill and Neteller, and increasingly, cryptocurrency options for faster processing.
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Safer Gambling
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Australia’s sharemarket posted a modest gain, as surging mining stocks offset falls from the banking sector. In a much-needed boost, Queensland Attorney-General Deb Frecklington on Friday announced that she had given both Bally’s and Investment Holdings the necessary regulatory sign-off. During her address before the meeting, Star Entertainment chair Anne Ward told shareholders the takeover by Casino giant Bally’s was under way and would be completed next week. “It has been another tumultuous year for the management and staff of The Star Entertainment Group and in turn results for shareholders continue to be very disappointing indeed,” the spokesperson said. Adding to its woes is a possible $400m AUSTRAC fine for historical breaches of counter-terrorism and anti-money laundering laws as well as competitive challenges.
