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Reputational damage Woolworths' involvement in gaming has been a reputational thorn in its side for some time.
Posted 3 Jul July Wed Wednesday 3 Jul July at am , updated 3 Jul July Wed Wednesday 3 Jul July at am. Share Facebook Twitter Article share options Share this on Facebook Twitter LinkedIn Send this by Email Messenger Copy link WhatsApp.
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Now its cases have doubled. Here, Francis Markham and Martin Young explain why the deregulation of gambling in Australia is a long-standing example of class warfare from above.
It is one that has transferred, with industrial efficiency, billions of dollars from the pay packets of the working classes to the bank accounts of a super-rich elite.
In s Australia, gambling opportunities were limited. The most popular form of gambling was horse race betting. Aside from on-course bookmakers, governments, via TABs, controlled this activity.
Lotteries were similarly government-owned in all states bar Victoria. Sports betting was illegal. Pokies were clunky, mechanical, single-line affairs.
The machines accepted only smaller-denomination coins and were restricted to clubs in NSW and the ACT. Pokies were prohibited even in the four British-styled casinos in the Northern Territory and Tasmania.
Fast forward to and Big Gambling is ascendant. Pokies have become ubiquitous in pubs and clubs across Australia except in Western Australia.
Compared to their mechanical predecessors, electronic poker machines are more profitable for the gambling industry and more dangerous to gamblers.
Australian company Aristocrat Leisure pioneered the development of linked jackpots and multiline games. These machines encourage gamblers to stake higher amounts and give the misleading impression of frequent wins and near-misses , encouraging gamblers to continue playing for longer periods.
High Roller is a family business, headed by Mr Olive as chief executive and his wife Tiane, a creative consultant. First beginning work with Aristocrat in , the year-old Mr Olive has gone on to earn a reputation as a pioneer of new forms of games.
He specialised in pokies with progressive jackpots, where the prize pool grows the more a player plays, and linked jackpots, where players sitting side-by-side vie for a common pool.
After a period spent working for competitors, the Sydney-born Mr Olive was lured back in a deal with Aristocrat in and delivered a "linked progressive" hit within three years.
Lightning Link varieties such as Moon Race, Magic Pearl, Sahara Gold and Wild Chuco boosted profits, first in Australia and then around the world.
In North America, industry analysts Eilers-Fantini ranked Lightning Link as the number one game leased to casinos last year.
Lounges devoted to it have opened in Las Vegas, Guadalajara in Mexico and Panama. The players must take another spin once every five seconds or face disqualification.
They can lead Canberra by example and minimize the harm posed by poker machines - starting with those at their own venues. Can you email Woolworths and ask them to implement real reforms in their poker machine venues?
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