The COVID-19 pandemic has been a hardship for many people around the world leading to deaths and loss of jobs. Furthermore, the gambling industry has taken a heavy toll because of lack of sports and the closures of casinos. However, some branches of the gambling industries have seen some uplifting news. According to gambling regulators, one of them is that Casino Closure in Australia Led to a 140% Online Gambling Growth.
This was one of the many topics which took place during the ICE Asia Digital conference this week. During conference, Michael Sarquis, the executive director of the Office of Liquor and Gaming Regulation in Australia made that announcement. He said that the closure of gambling locations in the country brought a large increase in online casino gambling.
Australia Online Gambling Growth will have a Significant Impact on the Industry
The online gambling industry is happy that Casino Closure in Australia led to a 140% Online Gambling Growth. However, for the OLGR, this is cause for worry. This is because they believe it will have an impact on the regulation online sports betting and online casinos.
In addition, he said that “it remains to be seen if online arrangements are likely to continue at that level”. If they do, the OLGR will determine the type of regulations they will have in the future. However, he did mention that Australia already has online gambling advertisement regulations taken care of.
Furthermore, there are many concerns regarding the growth of internet wagering in Australia. This is because he believes it also means that the growth of offshore sportsbooks is also in the rise.
According to sports betting odds websites, Australia began to reopen their casino earlier this month. The first casino group to do so was Star Entertainment Group with the reopening of the Star Sydney.
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