Tabcorp has said it will support a ban on credit card use for gambling as long as local newsagents could still sell lottery tickets.<\/p>\n\n\n\n\n\n\n\n
Australia.- Tabcorp <\/strong>has said that it won’t oppose the implementation of a ban on credit cards<\/strong>\u00a0for online gambling in Australia as long as customers could still buy lottery tickets at shops and newsagents.<\/p>\n\n\n\n The company said the measure would need at least a year to be implemented\u00a0<\/strong>to allow the industry time to adapt to the changes. It warned that it could lead to unintended consequences as\u00a0Tabocorp has lost ground to online competitors<\/strong>.<\/p>\n\n\n\n The debate around the\u00a0use of credit cards<\/a>\u00a0for online gambling began back in 2019\u00a0when an association launched a public consultation.<\/p>\n\n\n\n In March,\u00a0Queensland MP Andrew Wallace<\/strong>\u00a0said that Australia\u2019s four biggest banks backed plans to\u00a0ban credit card<\/a>\u00a0spending on online gambling. Some banks have already introduced a ban.<\/p>\n\n\n\n Credit cards\u00a0are already banned from being used at casinos<\/strong>, but the same restrictions do not apply for the\u00a0digital gambling sector<\/strong>.<\/p>\n\n\n\n A parliament committee will\u00a0analyse the regulatory frameworks in force in other jurisdictions<\/strong>\u00a0and is expected to deliver a report by July 30<\/strong>.<\/p>\n\n\n\n According to the Australian Parliament, the ban must be introduced urgently as\u00a0the number of players using online gambling increased during the Covid-19 pandemic<\/strong>.<\/p>\n\n\n\n Tabcorp has also expressed concerns about the rise of online betting and has proposed that the Commonwealth take responsibility for regulating gambling during the period of\u00a0establishment of a single national gambling regulatory body<\/strong>.<\/p>\n\n\n\n