The bill now moves to the Senate.\u00a0<\/p>\n\n\n\n\n\n\n\n
Australia.- A bill banning the use of credit cards for online gambling has been approved by the House of Representatives.\u00a0The bill, which stems from a recommendation from a joint inquiry into gambling reform initiated by the previous government, received bipartisan support despite unsuccessful attempts by the opposition and crossbenchers to amend it. The bill now moves to the Senate.\u00a0<\/p>\n\n\n\n
The proposed law expands an existing ban applying to land-based gambling and is intended to reduce financial risks for problem gamblers. Companies failing to enforce the credit card ban could face fines exceeding AU$234,000, with the media watchdog to enforce compliance. The ban also covers credit payments using digital currencies such as cryptocurrency. Banks and betting companies would have a six-month period to implement the changes.<\/p>\n","protected":false},"excerpt":{"rendered":"
The bill now moves to the Senate.\u00a0<\/p>\n","protected":false},"author":176,"featured_media":19821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Australia's House of Representatives has approved a bill to ban credit card use for online gambling, including digital currencies, a measure now advancing to the Senate. This legislative action, stemming from a gambling reform inquiry, aims to mitigate financial risks for problem gamblers. Non-compliant companies face fines exceeding AU$234,000, with a six-month implementation period for banks and betting operators.","focusai_entities":"House of Representatives","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.8), tech_data (0.8), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR\/NGR Impact?","query":"What is the projected impact on Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for major online gambling operators in Australia, considering potential shifts in player deposit methods and overall engagement post-implementation of this credit card ban?"},{"label":"Enforcement & Fines?","query":"How will the designated media watchdog practically enforce compliance with the credit card ban, particularly concerning digital currency transactions, and what specific governance frameworks will guide the application of the AU$234,000 non-compliance penalties?"}],"footnotes":""},"categories":[16336,154,158],"tags":[23911],"class_list":["post-777011112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legislation-news","category-slider-home","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011112"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011112\/revisions"}],"predecessor-version":[{"id":777040971,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011112\/revisions\/777040971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19821"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}