Gambling industry measures odds of Australian vote

    Published in: Latest IntelligenceThe Liberal/National coalition, strongly favored in polls to win an outright majority, says it will undo or reverse federal initiatives to tighten controls on gambling machinesGambling policy may not be high on the agenda of most Australian voters, but this weekend’s vote could have a significant impact on the industry.The Liberal/National coalition, which is so strongly favored in polls to win an outright majority in the lower house of parliament that bookmaker Sportsbet paid out A$1.5 million ($1.4 million) in bets on the two parties’ victory nine days ago, unveiled plans last month to undo or reverse several federal initiatives to tighten controls on gambling machines. By contrast, the Greens party has campaigned aggressively to further tighten such controls nationally and may again hold the balance of power in the Senate, parliament’s upper house, along with independents who favor an even firmer approach.Key issues include: imposing a...

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