The online gambling industry is struggling to keep up with an explosion in advertising on social media, with advertisers increasingly resorting to ad blockers to protect their brands from ads appearing on their feeds.
Advertisement Advertisement Advertisement In recent months, advertising industry leaders have launched campaigns to try to curb the spread of online gambling, while also making it easier for consumers to find a casino online.
In a report released on Thursday, the Australian Industry Group (AIG) warned that online gambling could be the biggest challenge facing the Australian economy, while the Association of Australian Gambling Control Officers (AAGCO) also warned of the dangers posed by gambling sites that are so big that they could overwhelm local councils.
The AAGCO and AAGCO both issued reports in February that urged online gambling to be regulated by the Australian Competition and Consumer Commission (ACCC) and the Australian Consumer Law Reform Commission (ACTLC), but both warned that a crackdown on gambling sites was unlikely to happen anytime soon.
“We think it’s going to take a while to see any changes that can be made to the way that gambling is regulated in Australia,” AAGG senior director Paul Jones said on Friday.
Advertisement The AIG’s chief executive, Andrew Wilson, said the industry was “still in the early stages of a transition” to digital, and suggested the issue would be addressed in the next two years.
“It’s not a given that we’re going to see that there will be a transition from traditional to digital gambling within two years,” Mr Wilson said.
Mr Wilson also dismissed the claim by the Federal Government that it would allow internet gambling to continue operating as long as it passed legislation allowing it to. “
But the way we’re trying to go about it is not to let it happen overnight.”
Mr Wilson also dismissed the claim by the Federal Government that it would allow internet gambling to continue operating as long as it passed legislation allowing it to.
“No legislation would allow us to stop the Internet gambling industry operating at all,” Mr Jones said.
Advertisement Mr Jones suggested that, if the Coalition were to introduce legislation, the Coalition would have to be able to pass a motion through Parliament to prevent gambling sites from advertising on the internet.
“That’s something we would need to get through both houses of parliament,” Mr Moore said.
The ACTLC is also warning of the impact that a new law could have on online gambling.
The ACCC has been working with the ACCC on online gaming regulations and has recently released a report called The Future of Online Gaming: A Guide for Australian Governments, which states that online gaming has the potential to become the largest revenue source for Australian states and territories in the future.
The report states that “digital gambling is expected to drive an additional $20 billion to $50 billion in economic activity in 2020, an increase of almost $200 billion over the same period in 2021”.
In a statement, the ACCCC said that the report identified significant concerns about the potential impacts of new online gambling regulations on online betting, including potential conflicts of interest.
“These concerns are particularly relevant to the online gambling environment given that gambling websites have a significant stake in the growth of the online gaming market,” the ACCCA said.