Business
Online gambling boom sparks call to ban sports betting ads – Sydney Morning Herald
Betting giants have done well out of Australian punters during COVID-19, gaining billions in value as they benefitted from low taxes in the Northern Territory.
Australias pandemic gambling helped foreign-owned corporate bookmakers gain tens of billions of dollars in market value during the past year, sparking fresh calls for a new crackdown on sports betting advertising.
Global behemoth Flutter Entertainment, the parent company of Sportsbet, gained almost $30 billion in value during the course of the COVID-19 outbreak, with a 46 per cent boost in turnover and a 59 per cent increase in Australian revenue last year.
Foreign-owned corporate bookmakers gain…
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