A significant development took place earlier this week as Australia’s credit card gambling ban came into effect, aiming to further enhance player protection and promote responsible gambling across the country.
Australia, like many other nations, has a rich and intricate gambling history. The first regulated gambling activity in Australia was horse racing, introduced in the early 1800s. This was followed by the establishment of a national lottery in 1916 and the introduction of the first slot machines in the 1950s. The opening of Australia’s first casino in 1973 marked a significant milestone, offering games like roulette, blackjack, and baccarat.
Since the 1970s, the gambling industry has undergone substantial changes. The advent of online gambling has revolutionized the sector, significantly altering player behavior and preferences. In response, authorities have had to swiftly amend regulations and legislation to keep pace with these changes.
In 2001, Australia enacted The Interactive Gambling Act to specifically address and regulate online gambling. The recent credit card gambling ban represents the government’s effort to update this legislation in response to evolving player behavior.