We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The growth of internet gambling and the implications for regulation and harm minimisation in Australia - Essay Example

Comments (0) Cite this document
Summary
The gambling industry in Australia was established with the entrance of new settlers in Australia and it soon became a leisure activity among various social groups. This report discusses the growth of internet gambling in Australian economy and what are the implications of this growth on Australian government and harm minimisation in Australia. …
Download paper
GRAB THE BEST PAPER
The growth of internet gambling and the implications for regulation and harm minimisation in Australia
Read TextPreview

Extract of sample
The growth of internet gambling and the implications for regulation and harm minimisation in Australia

Based on the discussion and analysis, it has been analyzed that Australia has become one the major countries in online gambling industry. The economic benefits which gambling industry has been providing to Australia stopped the government to pursue the effective harm minimisation programs. Today, online gambling has increased the concerns for Australian regulators because of the increasing problem gambling, crime rate etc. Even the harm minimisation programs have been unsuccessful to curb the growth of increasing internet gambling. It can be projected based on the current growth of internet gambling that soon gambling will become the largest industry of Australia and concerns will further increase. If Australian government pursues stricter legislative framework and other strategies to stop the growth of internet gambling, it forgoes the huge economic benefits. If Australian government keeps pursuing the current strategies then current growth will keep its pace. On the other hand, if Australian government introduces more flexible policies, then economic issues can increase however, the government can enjoy huge influx of revenues. Therefore, in which direction Australian government should go, completely depends on the long-term economic strategies of the government. However, one important thing which this research essay has highlighted is that growing online gambling does have significant implications for Australian government and harm minimisation. In the beginning, all original forms of gambling were prohibited however, gradually all of them were legalised. The online gambling started in Australia in 1996 in the Northern Territory and in 2001, when the federal government legalised internet gambling, Interactive Gambling Act 2001 was introduced. (Hsu, 2006). Since then gambling industry of Australia is expanding and growing very rapidly and it has even created a lot of challenges for the Australian economy. What Australian Government has been Doing to Control Online Gambling in Past? Internet gambling has established new challenges for the regulators because unlike traditional casinos, the online gambling websites cannot be closed (Schwarz, 1999). Therefore, because of the nature of online gambling, it could be only controlled through government regulations. Even after legalising gambling, Australian Government has always remained concerned to monitor and control online and traditional gambling. The Australian Government has taken the regulatory responsibility of online gaming and according to Interactive Gambling Act 2001, government has made domicile online gaming site illegal for the Australian residents and these websites only target the oversees community. However, despite the control through regulations and legislations, Australian Government is facing problems in control the internet gambling market in Australia (Fabiansson, 2010). Australian Gambling Regulation controls gambling in Australia. With the growing online gambling, Australian Government introduced Australian Interactive Gambling Act (IGA) 2001 which bans online gambling in Australia. According to this Act, offering interactive gambling service to an individual physically present in Australia is an offense. If a person commits this offence, he is subject to a penalty of $220,000 per day if he offers services to individuals and penalty of $1.1 million per day if he serves corporate bodies. Moreover, online wagering and lotteries are not prohibited (Humphrey, 2008). The online gambling costs are increasing and to minimise harm from gambling activities, harm minimisation strategies are in place. To achieve harm minimisation, Australian Government has adopted three strategies; first, through direct regulation of internet gambling sites; second, covering online gambling within the broader gambling regulation framework; third, achieving harm minimisation through non-regulatory approaches (FAHCSIA, 2009). Growth in Online Gambling in Australia The Australian economy realised the growing trends in traditional and internet gambling with the increase in household spending on gambling. With the expansion of gambling in Australia, the proportion of money spent on gambling per household also increased from 1.7 percent in 1982-1983 to 3.2 percent in 1997-1998 (Australian Bureau of Statistics, 2000). In 2002-2003, around Australian $18.54 million were spent on internet gambling in Austr ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The growth of internet gambling and the implications for regulation Essay”, n.d.)
Retrieved from https://studentshare.net/other/16664-the-growth-of-internet-gambling-and-the-implications-for-regulation-and-harm-minimisation-in-australia
(The Growth of Internet Gambling and the Implications for Regulation Essay)
https://studentshare.net/other/16664-the-growth-of-internet-gambling-and-the-implications-for-regulation-and-harm-minimisation-in-australia.
“The Growth of Internet Gambling and the Implications for Regulation Essay”, n.d. https://studentshare.net/other/16664-the-growth-of-internet-gambling-and-the-implications-for-regulation-and-harm-minimisation-in-australia.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Youth and Problem Gambling in Australia
For a country with a comparatively low population rate, Australia today commands the highest gambling rate in the world with 80% of its adults into gambling. The paper considers about youth and problem gambling in Australia.
7 Pages(1750 words)Essay
Government Regulation of the Internet

Space and distance are virtually diminished by programming codes that the world virtually “shrunk” with the introduction of the internet.  The rate of exchange and availability of information also became dizzying that the cyberspace virtually became a “parallel universe” of our physical world.

4 Pages(1000 words)Essay
Gambling on the internet - rhetorical analysis essay
Bruce Roberts is currently the executive director of the California Council on Problem Gambling. The Time Magazine author, Jeffrey Ressner, correctly writes on the topic of addictive gambling through the use of readers appeal and logic appeal and elements to reduce addictive gambling.
3 Pages(750 words)Essay
Gambling in Australia
This has resulted to three groups; non gamblers, occasional gamblers and a group that lies between occasional and regular gamblers. The gambling activities in Australia have resulted to a social impact with smoking and drinking activities increasing considerably.
3 Pages(750 words)Essay
The Regulation of the Internet
With the widespread use and growth of the internet, its impact – both negative and positive – has also been inevitable. For which reason, various governments have considered the imposition of regulations and censorship on internet use and internet content.
14 Pages(3500 words)Essay
Regulation of Internet
It is being used in nearly all fields of life now – so much so that its significance has bypassed physical relationships and turned them into online touch points. The virtual feel that this world has today is credited largely on to the shoulders of technology and more than that on the usage of the Internet for good reasons or bad.
3 Pages(750 words)Essay
The growth of Internet betting and gambling sites and the credit card companies response
Numerous large U.S. credit card issuers also use codes to decline Internet gambling transaction authorizations, and U.S.-based banks do not recognize
3 Pages(750 words)Essay
Online Gambling in Australia
The essay aims to provide an insight into the internet gambling in Australia with a discussion of its advantages and disadvantages. This essay starts with an introduction to the Australian online gambling industry. A conclusion has been inferred from the analysis part.
11 Pages(2750 words)Essay
Gambling
This is not the case though with the utilitarian school of thought as it propagates that man takes action after considering what brings him the greatest pleasure. The Utilitarian system deems that gambling should not be banned as it gives happiness to those
7 Pages(1750 words)Essay
Why internet gambling prohibition will ultimately fail
According to Adrian Parke and Mark Griffiths (2004), technological advancement and innovation has played a major role in the development of gambling by providing new
1 Pages(250 words)Essay
Let us find you another Essay on topic The growth of internet gambling and the implications for regulation and harm minimisation in Australia for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us