Reports AUSTRALIA MARKET REPORT
Strewth AUSTRALIA
Some say there’s a big problem with gambling in Australia because an
Australian will “bet on two flies crawling up a wall.” Others say it’s because there’s a pokie machine available on every corner.
An estimated 39 per cent of Australian adults are regular gamblers with more than A$225bn spent on gambling annually – almost 70 per cent of this is paid into pokie machines alone. But behind its lucrative and thriving façade and a $6.5bn stimulus for the government, comes a chain reaction of rising problem gambling issues and money laundering allegations.
Although Australia is said to home less than half a per cent of the world’s population it has 20 per cent of the world’s gaming machines. And some 80 per cent of these are housed outside of casinos. Tere are almost 193,000 pokies across the country, of which 179,000 are operated in clubs and hotels compared to 13,500 in the casinos. Tere is one machine for every 101
P18 NEWSWIRE / INTERACTIVE / MARKET DATA
Although Australia is said to home less than half a per cent of the world’s population it has 20 per cent of the world’s gaming machines. And some 80 per cent of these are housed outside of casinos. There are almost 193,000 pokies
across the country, of which 179,000 are operated in clubs and hotels compared to 13,500 in the casinos.
Australians. As such the country has the world’s highest average in terms of gambling losses with around $1,000 per adult lost via gambling each year, whilst studies say gambling problems have doubled over the last 10 years.
Electronic Gaming Machines (EGMs) are colloquially known as ‘pokies’ in Australia and they first began to appear in Australia in the 1930s.
By 1956 they had grown so quickly in numbers the authorities in New South Wales were the first to legalise them in the clubs. Tey proved extremely popular, and clubs saw a huge boom in income and in turn they expanded and invested in more pokie machines.
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