{"id":51,"date":"2018-08-23T00:00:00","date_gmt":"2018-08-23T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/slots-benefit-the-australian-economy\/"},"modified":"2018-08-23T00:00:00","modified_gmt":"2018-08-23T00:00:00","slug":"slots-benefit-the-australian-economy","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/slots-benefit-the-australian-economy\/","title":{"rendered":"SLOTS BENEFIT THE AUSTRALIAN ECONOMY"},"content":{"rendered":"<p><strong><em>A new study shows that legal slot machines operations benefit the country\u2019s revenues.<\/em><\/strong><\/p>\n<p>Australia.- Although \u201cpokie\u201d machines\u00a0(as slots machines are known in Australia) are facing a national crackdown in a framework of strict opposition against gaming expansion in the country, legal operations of those machines \u201ccontribute US$6.1 billion in value added to the Australian economy every year,\u201d as revealed by a study on the sector by Centre for International Economics.<\/p>\n<p>\u201cSo when the anti-gambling activists drive off down the pokies-funded road to drop their kids at the pokies-funded school, and when they have to visit the pokies-funded hospital, I hope that they remember that government revenue from gambling benefits all Australians, whether they like poker machines or not,\u201d said Ross Ferrar, chief executive at Gaming Technologies Australia, a group representing gaming manufacturers in the country.<\/p>\n<p>Meanwhile, after the UK authorities announced that the maximum stake on fixed odds betting terminals (FOBTs) will be slashed 98 per cent from \u00a3100 to \u00a32, Australian Independent MP Andrew Wilkie said that he hoped the measure would increase pressure on local governments to introduce similar restrictions.<\/p>\n<p>However, according to the research by the Centre for International Economics: \u201cState governments\u2019 budget papers are forecasting increases in their pokies tax revenue in coming years, rising in Victoria from US$801 million in the past financial year to US$853.3 million by 2020-21. Pokies taxes in NSW are projected to rise even more sharply, from US$1.1 billion to US$1.3 billion, in the same period, while Queensland is expecting a 20 per cent surge in pokies tax revenue from US$503 million to US$602 million.\u201d<\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"1120\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study shows that legal slot machines operations benefit the country\u2019s revenues. Australia.- Although \u201cpokie\u201d machines\u00a0(as slots machines are known in Australia) are facing a national crackdown in a framework of strict opposition against gaming expansion in the country,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","hentry","category-poker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SLOTS BENEFIT THE AUSTRALIAN ECONOMY - GBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc.ng\/index.php\/slots-benefit-the-australian-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SLOTS BENEFIT THE AUSTRALIAN ECONOMY - GBC\" \/>\n<meta property=\"og:description\" content=\"A new study shows that legal slot machines operations benefit the country\u2019s revenues. 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