As we watch the continuing demise of the Australian manufacturing industry, because we just cannot compete on wages paid to our employees with the developing world, one wonders what is in store for us. Coal is bouncing back, because the Chinese have closed many of their coal mines due to the economic downturn. Mineral resources will remain front and centre for Australian exports and our GPD. Tourism has been up and down with the fluctuating fortunes of other countries. Gambling has now become a player in the Australian economy it seems.
Australia Gambling on the Betting Dollar
Australians have always loved a punt; and the Melbourne Cup is the biggest staying race in the world, just about. With James Packer shifting his empire firmly into gambling casinos in Australia, SE Asia and wherever else he can get a foothold – there is serious money about. The corporate bookmakers operating in Australia – many of them international organisations – continue to grow in influence and economic stature. Packer has CrownBet and the mighty Crown Casinos. Our TV screens and computer screens are full of ads and sponsorships featuring online bookmakers. We are all being enticed with offers of free bets and check this site out.
The media is flush with money from corporate bookmaking organisations. Gambling as an industry is now competing with the commercial sex industry to dominate the digital sphere. The next time you see an image of a pair of sleek hips and thighs, they may well belong to a horse rather than a pornographic star. Little men wearing colourful silks are popping up everywhere to proffer advice on the punt. Telling their audience whether this horse will stay the distance and what a good sort he or she is to ride. Ex-footballers are becoming corporate bookmaking spokespersons and have their own segments on free to air and pay TV.
Is Australia gambling on the betting dollar? Backing this horse called Vice over any public sense of virtue and morality? Will the punt see us into the twenty first century? Our children, as they grow up watching and listening to these gambling enticements, become recreational gamblers for the rest of their lives? Governments are backing the revenue from these organisations and looking to increase gambling taxes wherever they can. Church groups and social welfare organisations are making warnings, which go unheeded. What will the future hold for an Australia addicted to the gambling dollar?