{"id":8488,"date":"2025-02-18T08:34:28","date_gmt":"2025-02-18T08:34:28","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=8488"},"modified":"2025-02-18T08:34:33","modified_gmt":"2025-02-18T08:34:33","slug":"australia-may-introduce-permanent-display-of-betting-losses","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/02\/18\/australia-may-introduce-permanent-display-of-betting-losses\/","title":{"rendered":"Australia May Introduce Permanent Display of Betting Losses"},"content":{"rendered":"\n

A new bill introduced to the Australian Parliament<\/strong> aims to force online gambling companies to clearly display users\u2019 losses on their betting apps and websites.<\/p>\n\n\n\n

The Interactive Gambling Amendment (Statement on Actions Relating to Knowledge of Losses) Bill<\/strong>, introduced by Rebekah Sharkey MP<\/strong> on 10 February, would require gambling operators to display their net losses to users in real time via a permanent banner that cannot be minimised or hidden.<\/p>\n\n\n\n

Australia continues to lead the world in gambling losses per capita, with national gambling losses estimated to reach A$32 billion (\u20ac19.3 billion) in 2022\/23<\/strong>, according to Queensland Treasury<\/strong> data.<\/p>\n\n\n\n

Under the new requirements, bookmaker apps and websites must display three key metrics at all times: the user\u2019s net position for the current month, calendar year, and all losses or wins since the start of using the service.<\/p>\n\n\n\n

The information must be displayed in a font of at least 10 points and remain visible throughout the betting process.<\/p>\n\n\n\n

Sharkie told earlier in the week: \u201cThis would cost the government very, very little to police, but this would stop lives being lost. Right now, young people across Australia are losing thousands of dollars \u2026 and they can\u2019t see a way out and this would help them to see exactly how much they\u2019re losing.\u201d<\/p>\n\n\n\n

Companies who fail to comply with the rules will face fines, including up to 500 penalty units per day for criminal offences and 750 penalty units for civil penalties. For legal entities, the penalties will be five times higher.<\/p>\n\n\n\n

The legislation includes a six-month implementation period to allow gambling operators to update their systems and processes.<\/p>\n\n\n\n

While bookmakers are already required to provide customers with monthly activity reports, users must currently seek out this information themselves, although it must be clearly visible.<\/p>\n\n\n\n

The legislation comes amid a wave of regulatory scrutiny of Australia\u2019s gambling sector following the publication of the landmark Murphy Report<\/strong> in 2022.<\/p>\n\n\n\n

That parliamentary report recommended wide-ranging responsible gambling reforms, including a phased ban on advertising.<\/p>\n\n\n\n

The Albanese<\/strong> government has said it will not consider implementing any such measure before the federal election in May 2025.<\/p>\n\n\n\n

Don’t forget to subscribe to our Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

A new bill introduced to the Australian Parliament aims to force online gambling companies to clearly display users\u2019 losses on their betting apps and websites. The Interactive Gambling Amendment (Statement on Actions Relating to Knowledge of Losses) Bill, introduced by Rebekah Sharkey MP on 10 February, would require gambling operators to display their net losses […]<\/p>\n","protected":false},"author":7,"featured_media":8489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[4,5,7,1],"tags":[9643,151,73,884,46,401,11535],"class_list":["post-8488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betting","category-gambling","category-igaming","category-news","tag-anthony-albanese","tag-australia","tag-bookmaker","tag-bookmakers","tag-gambling","tag-law","tag-rebekah-sharkey"],"yoast_head":"\nAustralia May Introduce Permanent Display of Betting Losses - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"A new bill introduced to the Australian Parliament aims to force online gambling companies to clearly display users\u2019 losses on their betting apps and websites.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2025\/02\/18\/australia-may-introduce-permanent-display-of-betting-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia May Introduce Permanent Display of Betting Losses - 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