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Governments have a financial vested interest not to reform gambling laws. Here’s why Original
Reforming Australia’s gambling industry has been one of the most high-profile political issues of recent years. Constantly in the headlines, there are high levels of public support to bring in tougher rules, including gambling advertising bans. But the federal government has been reluctant to act. It has introduced its new gambling legislation to parliament, but the bill has been criticised as not going far enough to address the problem.
Pokies, politics and profits: How Federal Hotels monopolised Tasmania's one-armed bandits
James Boyce's new book Losing Streak charts the story of how Federal Hotels gained an exclusive licence to operate all of Tasmania's 3,500 poker machines for free. The company's owners, the Farrell family, amassed a fortune of $463 million in the process. The book provides a detailed account of the cosy and conflicted relationships between a gambling corporation and decision-makers that has gifted a public licence worth around $30 million per year to Federal for 30 years.
How one family used pokies and politics to extract a fortune from Tasmanians
James Boyce’s new book Losing Streak charts the story of how Federal Hotels gained an exclusive licence to operate all of Tasmania’s 3,500 poker machines for free. The company’s owners, the Farrell family, amassed a fortune of A$463 million in the process. The book provides a detailed account of the cosy and conflicted relationships between a gambling corporation and decision-makers that has gifted a public licence worth around $30 million per year to Federal for 30 years.
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