Report: stop credit line to problem gamblers

THERE is a groundswell of support for a complete overhaul of the online sports betting industry following a damning report into the tactics used to hook punters.

The Duds, Mugs and the A-List report revealed online gamblers were subjected to swift and brutal debt recovery measures if they fell behind on payments.

It found customers could lose assets such as the family home, savings and superannuation in a short time because of unregulated credit being provided to them.

When a bet turns to debt: How gambling ruins lives

Senator Nick Xenophon commissioned the report after hearing a story about a man who lost his life savings in four sports betting sessions.

The report recommended legislative changes to prohibit credit for gambling purposes and an overhaul of credit laws to ensure sports betting companies complied with responsible lending obligations as other credit providers have to, including assessing capacity to repay credit.

Topics:  addiction credit gambling sports betting

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Big problem with new pension pay rise

Retirees receive a slight pension boost from this month.

Pensioners will receive an extra $13.20 a fortnight from this month

Donations flood into storm ravaged regions

Amanda Lindh at Murwillumbah Community Centre. Thanks to News Corp, Givit and the Red Cross, the centre will soon be re-opening its food pantry. The pantry was destroyed by flooding in the wake of Cyclone Debbie.

12 months later, Cyclone Debbie's impact still felt

Debbie the second most costly cyclone in Australia's history

The Insurance Council of Australia says the cost of Debbie's damage is second only to Cyclone Tracy which devastated Darwin in December, 1974.

$1.71 billion to fix damage from Townsville to Lismore

Local Partners