Australia's 250 richest list has been updated to include 139 billionaires.While some names continue to represent the casino space, like James Packer, some new stars in the gaming world are making their debuts.
It's breaking records for the number of billionaires, according to a list published by The Australian.The Australian Bureau of Statistics says the economy is down 6% year-on-year
out of growth
Mining mogul and somewhat controversial Gina Linehart topped the list.Her net worth is over A$326 billion (US$4000 billion), thanks in part to her decision not to sponsor Netball Australia.
Renehart ran mining company Hancock Prospecting and had a $1500 million (US$1000 million) sponsorship deal with the sports organization.The mogul pulled her hand because of backlash against her late father, Lang Hancock.
He said several years ago that all Aboriginal Australians should be sterilized so they "breed themselves".
new face
However, the names of two familiar game companies also rank high.
Iris Capital owner Sam Arnaout is now worth A$23 billion (US$15 billion), according to The Australian.
Iris Capital owns over 30 bars, 20 hotels and several casinos.It bought Casino Canberra just over a year ago for A$1 million (US$6300 million), and despite some setbacks, it's paying off.
As its foray into gaming deepens, Iris has sought ways to increase its gambling footprint.The addition of slot machines is one of them.However, it is difficult to obtain sufficient bureaucratic support to achieve the goals.Iris was able to increase the number of machines, but the number is less than expected.
Also on the list is Edward Craven, who has a net worth of A$20 billion (US$1000 billion).Craven is the owner of the controversial gaming platform Stake.com.
Stake.com has a huge interest in cryptocurrency and gambling, with a $100 million bet by music artist Drake being routinely made.Since Australia cannot legally offer games, it is said that all its revenue comes from other countries and regions.
proposed bill
Political elections in New South Wales this weekend are sure to bring change to the state's gambling industry.At the same time, federal legislation is underway that could change the situation across Australia.
The bill, backed by two longtime anti-gambling voices in parliament, Andrew Wilkie and Rebekha Sharkie, gives online gaming operators a bigger role in anti-money laundering and responsible gambling policies. compel you to fulfill it.The bill would require operating companies to verify that they did not receive funds from criminal activity.
Online gaming apps should also regularly remind users how long they have been gambling and how much they have lost.
The bill would also ban the use of credit cards on online gaming platforms.This ban is already common practice in many countries.
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