Australia

SETTING LIMITS MAKES A DIFFERENCE, BUT GAMBLERS NEED MORE PROMPTS TO OPT-IN

Published

4 years ago

January 17, 2022

Reading Time: 2 minutes

CQUniversity researchers have found bet limits can help keep Australia’s online gamblers out of hot water, but the majority of consumers aren’t using the money-saving mechanism.

In a new study funded by Gambling Research Australia (GRA), experts at CQUniversity’s Experimental Gambling Research Laboratory (EGRL) found consumers are not always prompted to use the betting limit option. The new research further suggests making the scheme mandatory and capping maximum limits would strengthen harm prevention.

Researchers surveyed more than 3,000 regular race and sports bettors and found 41 per cent had set a deposit limit, but more than half considered themselves ‘unlikely’ to set one. Those participants who set limits found them very useful, with a quarter finding the intervention prevented overspending at least once a week.

Since mid-2019, Australian online betting agencies have been required to let consumers set deposit limits for their online gambling, and to regularly prompt users about setting up or reviewing their limits.

Lead author and CQUniversity Research Professor Nerilee Hing, said consumers had a choice of limits with some operators. Research found deposit restrictions were the most popular, followed by an overall spend limit, a single bet amount limit, and a loss limit. A limit on the time spent gambling was the least popular among participants, with just 22 per cent switching on the clock.

“We also looked at what type of person was more likely to set limits. Of those with more serious gambling problems, 45.6 per cent were setting at least one limit,” Professor Hing said.

“This is encouraging, however as this group benefits the most from opt-in limits, the fact that more than half aren’t taking that option suggests there’s still a need to address why people are unwilling to limit their betting.”

Professor Hing and her team then presented participants with a series of tailored messages about bet limits and tested these in a randomised trial with more than 1,200 regular consumers.

Across the four-week trial, limit setting increased among participants, with 32 per cent adopting at least one type of limit. Those with a severe gambling problem were significantly more likely to set a limit.

“The study showed that prompt messages need to be consistent to allow gamblers to self-reflect. Then we see better uptake of limits,” Professor Hing said.

This research supports evaluation of the voluntary opt-out pre-commitment measure and refinements to strengthen the National Framework. A joint Commonwealth, state and territory government endeavour, the National Framework provides protections for consumers of interactive wagering services licensed in Australia, in line with international best practice.

Gambling Research Australia (GRA) is a joint Commonwealth, state and territory program, established to develop an effective evidence base to support gambling policy and regulatory decisions. The Commonwealth has contributed half the annual funding of the GRA program. The combined funding contribution from states and territories has matched the annual funding from the Commonwealth, based on the proportion of national gambling expenditure.

Study co-authors were CQUniversity researchers Prof Matthew Browne, Dr Alex M T Russell, ProfMatthew Rockloff and Catherine Tulloch.

Aquisitions/Mergers

NextBet Launches as Acquisition Vehicle (AV) to Consolidate Mid-Market Operators; Announces Flagship Acquisition and Growth Strategy

Published

1 week ago

September 29, 2025

Niji Narayan

nextbet-launches-as-acquisition-vehicle-(av)-to-consolidate-mid-market-operators;-announces-flagship-acquisition-and-growth-strategy

Reading Time: < 1 minute

NextBet has announced its official launch, establishing itself as a bold new AV and challenger in the Australian wagering market. Formed to capitalise on the mounting pressure facing undercapitalised operators and an accelerating wave of industry consolidation, NextBet enters the market with the acquisition of well-established operator, CrossBet. This strategic move marks the first step in a bold plan to build Australia’s next dominant Tier Two wagering group under a united brand.

NextBet will be led by, Scott Cross, who will serve as Executive Director. The move is a strategic restructure designed to position the business for its next phase of inorganic expansion.

“The formation of NextBet creates the foundation to scale rapidly through an ambitious M&A strategy, while investing in proprietary capabilities to meet the demands of a changing wagering market,” said Cross.

Strategic Vision: The Path to Tier Two Dominance

NextBet is pursuing an aggressive growth strategy – rolling up undercapitalised lower-tier operators while driving operational efficiency through product, speed of profiling and a differentiated user experience that attracts and retains high-value customers.

To support this next phase of expansion, NextBet is actively seeking strategic investors who share its vision for reshaping the mid-market wagering landscape. Investment will be used to accelerate acquisitions, enhance platform capabilities and solidify NextBet’s position as the go-to consolidator in the Australian market.

The current $419M valuation for PointsBet Holdings Limited confirms that the market rewards scaled, tech-enabled operators with focused execution. NextBet’s model builds on this blueprint, designed to fill the emerging leadership void in the Tier Two segment with an advanced offering custom built for modern wagering dynamics.

NextBet is currently in advanced discussions with several additional acquisition targets and expects to announce further transactions in the coming quarters.

The post NextBet Launches as Acquisition Vehicle (AV) to Consolidate Mid-Market Operators; Announces Flagship Acquisition and Growth Strategy appeared first on European Gaming Industry News.

Australia

NICC extends The Star manager’s term for six months

Published

2 weeks ago

September 26, 2025

George Miller

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Reading Time: < 1 minute

The NSW Government has amended the Casino Control Regulation to extend the term of The Star’s manager Nick Weeks, who will continue to have oversight of casino operations until at least 31 March 2026.

The government extended Mr Weeks’ term at the request of the NSW Independent Casino Commission (NICC) after the NICC declined to lift the suspension of The Star’s licence.

Mr Weeks will continue to hold the licence for The Star over the next six-month period, allowing the casino to operate gaming facilities while its licence remains suspended.

The NICC first appointed Mr Weeks to the role of manager in October 2022, when The Star’s casino licence was suspended following the first Bell Review.

NICC Chief Commissioner Philip Crawford said there was still too much uncertainty surrounding The Star to consider reinstating its casino licence at this time.

“The NICC considers it appropriate to continue with the current arrangement so it can better assess the effectiveness of important remediation work and await the outcomes of other pressing financial matters concerning The Star,” Mr Crawford said.

“The NICC understands the many challenges The Star is facing and is closely monitoring The Star’s progress as it works to prove it is capable of regaining its casino licence.”

The post NICC extends The Star manager’s term for six months appeared first on European Gaming Industry News.

Australia

Industry Spotlight Sessions Announced for Regulating the Game 2026 Sydney

Published

2 weeks ago

September 24, 2025

Niji Narayan

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Reading Time: 2 minutes

The organisers of Regulating the Game have announced the launch of Industry Spotlight Sessions as part of the event’s 2026 programme. The conference will take place from March 9–11, 2026 at the Sofitel Sydney Wentworth.

New for 2026, the Industry Spotlight Sessions are concise, 15-minute presentations embedded within the main conference programme, giving leading manufacturers, suppliers and technology providers across gaming, lotteries, wagering and sports betting a platform to share strategic insights, innovation and sector direction.

The sessions will provide a powerful platform for established players to:

• Highlight new products, enhancements or technical capabilities

• Share research, data insights or strategic outlooks

• Spotlight innovations that are shaping operational performance and player engagement

• Provide a forward view on emerging trends and technologies influencing the sector

Distinct from Pitch! at the Sydney Opera House (March 9) – which has evolved into a high-energy marketplace of ideas spotlighting emerging RegTech, compliance innovation, disruptive policy concepts and safer gambling solutions – the Industry Spotlight Sessions are tailored for established players to profile market-ready innovations, demonstrate commercial leadership and share product direction.

Paul Newson, principal at Vanguard Overwatch and founder of Regulating the Game, said: “The Industry Spotlight Sessions are being introduced at the request of industry attendees who wanted a dedicated platform to showcase pioneering products, strategies, and sector direction and insights. With only four Industry Spotlight slots available in 2026, this is a limited opportunity for organisations to put themselves front and centre before an international audience of regulators, policy leaders, and industry decision-makers.”

The addition of Industry Spotlights reflects RTG’s commitment to sparking innovation and shaping the future of the sector. By providing a platform for announcing new directions, showcasing developments and sharing strategic outlooks, these sessions are designed to broaden dialogue, foster cross-sector collaboration and keep the conference at the cutting edge of regulatory and industry evolution.

Regulating the Game 2026 will also feature:

• Pitch! at the Sydney Opera House (March 9)

• The inaugural RTG Global Awards & Gala Dinner (March 10)

• An expanded exhibition showcase and programme of expert masterclasses.

Early bird tickets are now open, with discounted rates for early registrants. Group packages are also available but strictly limited.

The post Industry Spotlight Sessions Announced for Regulating the Game 2026 Sydney appeared first on European Gaming Industry News.