Australia hits gambling advertising; advocates say not hard enough
Summary
Australia announced new regulations on gambling advertisements, including a ban on the use of celebrities and restrictions on online advertising to users over 18. Prime Minister Anthony Albanese stated these changes represent the “most significant reform on gambling that has ever been implemented,” aiming to address public health concerns and minimize children’s exposure to gambling harm. The rules, effective in 2027, also cap advertisements at three per hour between 6 a.m. and 8:30 p.m., ban them during live sports broadcasts, and prohibit gambling branding at sports venues. However, advocates like Tim Costello of the Alliance for Gambling Reform criticize the 'opt-out' system for online ads, arguing the onus should be on gambling companies to prevent exposure to children. Australians are estimated to lose A$34 billion to gambling annually, the highest per capita globally, and some believe the government is acting too slowly to address the issue. Shares in gambling companies like Tabcorp Holdings experienced a decline following the announcement.
(Source:Japan Today)