Australia’s Casinos Boom in 2008

Posted 27 January 2009 in Latest News

Australia’s Prime Minister being Blamed for Gambling Machine Losses in the Latter Part of 2008

For a country that wants to slow down on the casino industry, sudden increases in gambling rates are unacceptable.

This is the case in Australia, which has experienced a major increase in poker machine gambling in the latter part of 2008. Ironically enough, this surge was largely blamed on the Australian government, the Prime Minister in particular.

According to the Victorian Commission for Gambling Regulation, the increase from the early part of 2008 to the latter half of the year amounted to a $46 million increase. The overall figure for the second half of the year alone was $1.4 billion.

The government admitted that the stimulus payment made before the holidays may have contributed to the sudden increase in gambling. In fact, December registered as the month with the largest gambling increase.

However, the growth of casino gambling in 2008 is much slower than the previous year, even with the establishment of a lot of land-based casinos and online casinos.