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In 2012, GameSys became the first-ever gambling operator to launch a real-money casino application. Bingo Friendzy was a ground-breaking app that merged the social gaming and online gambling market, but it has been reported that the company has recently withdrawn the appliance.
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Due to the increase in illegal activity at pokie trusts, the Department of Internal Affairs is busier than ever. Gambling enforcement is funded by gaming operator revenue, so it is important that pokie taxes balance out. The cost of regulation greatly outweighs revenue from gambling fees. Last year, there was a huge $9 million difference. As such, club and pub pokie fees must be increased in order to cover regulation costs.
Recently, the Victorian government has announced a new legislation that will require poker machine operators to pay an additional $278 million per year on their games. Initially, the bill was in danger of not passing, as Independent MP Geoff Shaw accused the increase of being a ‘tax grab’ and voiced his concerns about its potential negative impact on the gaming industry. The state worked with Mr Shaw to make amendments to the bill, and the tax hike will now go ahead as planned. By 2018, the new pokie taxes will bring in an additional $2 billion for the state.
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