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Layoffs Feared in Australia

The government of New South Wales isn’t fear mongering this week with its threats of layoffs and employees dismissals, it’s the very real truth that the Australian state will face if the Australian government continues with plans to severely curb land and online gambling activity in the country. The Australian government is very specifically concerned with the online casinos that are able to illegally operate in the country and the plans to limit even legalized gambling and betting is a harsh reaction that could mean severe job losses in several Aussie states.

The government announced recently plans to take some of the recommendations from the Productivity Commission that call for stronger and tighter controls on land gambling activity throughout the country. Additionally, these newly proposed controls are not well received right now in the country because it takes many powers and controls away from the state governments. Online casinos are already banned at the federal level, but the Aussie states have all maintained control over their own land gambling markets. The NSW government sent a letter to the Productivity Commission explaining the actual affect that these newly proposed policies will have on the people of Australia.

The letter outlines the fact that stricter controls at the land gambling venues and limits on online casino betting means that many companies will be forced to lay off employees to cope with the decreased demand and availability of services. Job losses are a bit of a buzz word these days because of the economy, and there is a hope throughout the industry that the Commission will hear that concerns and adapt the new measures accordingly.