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The government of New South Wales in Australia announced earlier this month that the Aussie state would face many layoffs in the coming months if the Australian government proceeded with thoughts of liberalizing the online casino gambling market. The land gambling industry in Australia is incredibly lucrative right now and the state governments have strongly profited from the fact that most forms of online casinos have been blocked from operating in Australia. Although some sites have snuck through the bans, for the most part, internet gambling activity is funneled through land gambling and betting operations. The Productivity Commission in Australia is responsible for jumpstarting these changes through a study and recommendation and the NSW government countered the Commission’s findings with concerns and fears about rampant layoffs in NSW and other states that currently operate large land gambling markets.

Some of the planned major changes recommended by the Commission include the lowering of betting limits in the country and fully integrating the online betting market into a legalized system. The illegal online casinos will still be blocked for the most part, but internet betting and gambling sites legal to operate in Australia will replace these foreign gambling companies and protect Aussies from the social ills of internet gambling.

Many of the changes take place on a large scale though – like a plan to ban ATM machines from gambling venues in the hopes of curbing overspending. Additionally, the current betting limit of $10 would lower down to just a $1. The wisest recommendation and potential policy to come out of the whole situation is a plan to lightly liberalize the market and allow licensed and legalized online casinos to operate throughout Australia – the part of the situation that is most worrying for land venues.