“It delivers substantial financial benefits to Victorians but it also helps improve investment certainty and protects jobs,” says Michael O’Brien, state treasurer. “It’s good for investment, it’s good for jobs, it’s good for tourism and it’s good for Victoria’s bottom line.”
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This is an important step in reducing the potential harm of gambling on poker machines. It will not only help to stop crimes like money laundering but also has the potential to reduce problem gambling rates among players in NSW clubs and hotels.
The electronic gaming market is growing at an impressive rate across Australia. Now, more than ever, an increasing number of residents are spending their money on pokies and other land-based gaming devices. With such a rapidly expanding market, it is important that analysts discover the impacts of new developments that take place in the poker machine market. As such, the Australian Department of Justice has published a research report on the changes to the electronic gaming machine industry that are currently taking place.
If you go to the iTunes store, you’ll find most apps available for the iPhone are also available for the iPad, but, as if the iPad were Annie Oakley singing, “Anything you can do, I can do better,” the iPad features apps not available to the iPhone.
Gaming clubs and sports organizations have been worried about this downside for months, as a decline in poker machine revenue will interfere with their operations. It is an unfortunate reality of poker machine reform, but the overall consensus is that it benefits the greater good. Since it is important to reduce gambling spending as well as the number of problem gambling in the country, the gaming clubs, sports organizations and the local Treasury will need to find new ways to make up for their financial shortcomings due to pokie reform.
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The SA government recently passed a law which would limit bets per spin to $5, down from the previous $10 limit. Another new law calls for a pre-commitment system, which would allow gamblers to set a limit to their gambling losses before they started playing. The new law also creates a major venue (60 machines max) and a minor venue (20 machines max). The distinction between these venues includes the ability to use ATM machine and player incentive clubs. The new law might lead to a consolidation of poker machines in the bigger establishments. Their maximum limit of machines goes from 40 to 60, while many of the smaller places may be able to sell their licenses to the big clubs.
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