Payment of the sale proceeds were made to participating shareholders on 27 May 2016 in accordance with their payment instructions as recorded on the share register. The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs. From acclaimed restaurants and award-winning hotels, to world-class table games and endless entertainment, Crown Rewards helps you to discover the world of Crown and be rewarded. Sign up for our latest report releases and our newsletter straight to your inbox. Governments have a responsibility to act in the public interest, even when it is politically challenging. Pokies and betting are everywhere; they’re addictive; and they’re harmful.
The federal government should assemble a National Taskforce and consider financial and other incentives to bring everyone to the table. For example, the federal government could take full responsibility for regulating online betting, while still enabling states to collect online betting revenue through their point-of-consumption taxes. State governments give away at least $1.2 billion in pokies tax concessions for clubs230 – more than enough to cover the cost of improving support services. There are two main reasons that Australian gambling regulation is so weak.
- Organised attempts to influence policy can create windfall gains for a few, at the expense of the many.
- If Australian governments are serious about preventing gambling harm, they will need to bolster their efforts and take action to both reduce the pervasiveness of gambling in Australia and make gambling safer.
- Pokies and online betting are particularly addictive and harmful, leading to serious harm for hundreds of thousands of Australians.
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- The industry has a track record of thwarting reforms, including by stoking community fears about unintended consequences.
1.3 Warn people about gambling in games
Gambling donations flow overwhelmingly to the major parties, who are most likely to form government.162 Clubs and hotels with pokies interests are the biggest gambling donors, followed by casinos (Figure 2.2). And gambling donations show https://ccyd.co.uk/news/bonus-offers-at-online-casinos-how-to-get-the-most-out-of-them.html a pattern of spiking when the ‘political heat’ rises, on pokies reform in particular (Figure 2.3 and Box 2). The gambling industry’s political power lies in its ability to influence elections. They can make their presence known locally, with pokies providers in almost every electorate, stoke community fears about loss of jobs and services (Chapter 4), and they exert financial influence too.
2 Roll out mandatory pre-commitment with maximum loss limits
Governments should call out the industry’s self-interest, and not be tempted to ‘buy off’ vested interests (Box 7). Gambling licences are a privilege granted by governments – they are not a right – and they do not override government responsibility to legislate in the best interests of the Australian people. Pre-commitment with maximum loss limits would prevent things getting out of hand. Limiting the sheer number of venues where pokies are present is more important than simply limiting the number of machines. While a destination model such as Western Australia’s is a long way off for the rest of the country,193 state governments should actively reduce the number of machines and venues.
Jak vyhrat ve Vegas?
- Nikdy nehrajte tak, abyste utratili více, než si můžete dovolit. Zlatou zásadou je stanovit si předem částku, kterou chcete v kasinu utratit a držet se jí, ať už vyhráváte či prohráváte.
- Nikdy se nepokoušejte vyhrát zpět vaši prohru.
- Vždy pamatujte na to, že návštěva kasina je formou zábavy.
Australia has the highest per-capita gambling losses in the world. Our average annual losses per adult ($1,635) far exceed the average in similar countries such as the US ($809) and New Zealand ($584) (Figure 1.1). Governments should also improve support services to help those suffering harm now.
Gambling is one of Australia’s most politically powerful industries, which makes gambling reform high risk politically. State governments regulate casinos, pokies, the racing industry, and other land-based gambling, with different rules in different states. Australia’s gambling regulation is a mess and does little to reduce harm, let alone prevent it. Federal and state governments have different responsibilities, but neither are doing enough. Chapter 4 explores how governments can ensure reforms stick, by standing up to the vested interests, rebutting their self-interested claims, and coordinating reform efforts across jurisdictions.
