New tax levies set out in next year’s Northern Territory Government budget will stifle sector investments, wagering advocates have cautioned. Announced this week, Australia’s Northern Territory Government (NTG) Budget 25/26 envisions a doubling in the betting exchange tax cap that will come into force starting this July. In its breakdown of the budget, the government forecasted that the betting exchange …
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Australia has adopted the measures of the Interactive Gambling Amendment Bill of 2023, imposing a federal ban on gambling with funds from credit cards and other related products. Effective 11 June, consumers across all of Australia’s six territorial states will no longer be able to use credit cards and other credit-related services as a payment method with online gambling operators. …
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The Senate of Australia has approved the Interactive Gambling Amendment Bill 2023 (Credit and Other Measures), which will prohibit the use of credit card transactions to fund online gambling accounts. The Bill’s measures were approved by the House of Representatives last month and forwarded to the Senate for its sign-off into federal law across Australia’s six state territories. The Bill’s …
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The betting brand members of Responsible Wagering Australia (RWA) are donating more than $3m over three years to provide financial counselling services for Australians. Entain, bet365, betfair, PointsBet, Sportsbet and Unibet are each participating in the initiative, which has seen RWA partner with the Federal Government, the financial counselling sector and a range of industries including banking, energy and insurance. …
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Responsible Wagering Australia (RWA) member bookmakers are preparing themselves for NSW GambleAware Week, centred around the theme ‘What’s gambling costing you?’. The trade association and industry standards body, which includes prominent licence holders bet365, Betfair, Entain, Sportsbet, PointsBet and Unibet as members, encouraged ‘all Australians to join in supporting this worthwhile initiative’. However, the RWA also reiterated long-held concerns by …
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Responsible Wagering Australia (RWA) has revealed that illegal offshore gambling could cost nearly $3bn in lost taxes and racing and sport product fees unless action is taken. It was in the Australia Offshore Wagering Market Analysis 2023 Report that it states the illegal offshore market in Australia is now worth more than $1.1bn – which is around 15% of the …
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Independent standards body Responsible Wagering Australia (RWA) has confirmed the appointment of Kai Cantwell as CEO. A seasoned federal officer, Cantwell will begin his leadership tenure of the RWA on 17 April, taking charge of the independent organisation, which represents Australia’s licensed online betting industry. Cantwell is the former chief of staff for Australia’s Minister for Families and Social Services …
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