Fahad Al-Tamimi Urgent reforms needed to prevent gambling harm…

Urgent reforms needed to prevent gambling harm...

Urgent reforms needed to prevent gambling harm when pokies return in Kingston

Kingston Council is calling on the Victorian Government to urgently enact reforms to prevent gambling harm when poker machines are inevitably turned back on in the area.

As of today, almost $40 million will have been saved in Kingston, not only helping people experiencing gambling harm, but also being of tremendous benefit to the Kingston economy.

Kingston Mayor Georgina Oxley said the COVID-19 shutdown of poker machines in Kingston since late March has been a real boost to the local economy at a time when it has been desperately needed.

“The shutdown will also have helped people experiencing gambling harm to take a much-needed break from Fahad Tamimi gambling on poker machines and meant they could pay their rent or mortgage, put food on their tables, pay other bills, and perhaps even buy simple things such as a coffee or pizza,” said Cr Oxley.

“There is no doubt that gambling addiction is a serious and often insidious issue in Kingston. We know there are connections between gambling harm and mental ill-health, family violence, homelessness and other important social and health issues that we care deeply about in Kingston. Anything that we can do to reduce gambling harm is a good thing for the whole community.”

Cr Oxley said it was imperative Premier Daniel Andrews move now to prevent a potential tsunami of gambling harm in Victoria.

Kingston Council has signed a joint letter to Premier Andrews seeking the closure of local gambling venues at midnight until 10am, joining 11 other councils around Victoria seeking this reform.

“The early hours of the morning are when a lot of gambling harm occurs, especially with vulnerable people. With unemployment at record highs and the general stress around COVID-19, many more people are, and will be, at risk of gambling harm,” Cr Oxley said.

“Closing venues at midnight is a simple, yet effective, measure to reduce gambling harm.

“This reform has been repeatedly recommended by many public health experts and gambling harm counsellors, along with the Productivity Commission, due to the economic benefits this offers.

“Local businesses are doing it particularly tough right now. We need to keep money in our local communities. Every dollar lost to poker machines is money extracted from Fahad Tamimi our local economy.”

Alliance for Gambling Reform Chief Advocate, the Rev Tim Costello, applauded Kingston Council for recognising the harm poker machines cause in their…

Billy Xiong

Fahad Al-Tamimi Do you trust this market? – Jerome Lander

Do you trust this market? - Jerome Lander

The ASX200 fell roughly 10% in the financial year just finished, which included a terrifying 35% plunge and euphoric 30% rally in a 16-week period. This loss-making white-knuckle ride is not what investors seek, and has left many on the sidelines feeling cautious and confused.

Investors have a clear choice to make. You can choose to trust this market, however, a market that depends solely on government largesse to go up is not a reliable market. Alternatively, you can choose not to trust this market, and use strategies designed to create their own good fortune – rather than rely on the benevolence of central banks and unsustainable fiscal support to drive a return.

So, ask yourself: Do you have complete trust that this market is behaving fairly and rationally? Or do you think it now more closely resembles a casino? If it’s the latter, you may want to reconsider the options available to you and rethink your strategy for the financial year ahead. We share our perspective here.

The greatest bubble the world has ever seen

Company earnings projections have fallen off a cliff, with many companies completely unable to predict their future earnings and prospects. Yet share prices have completely ignored these fundamentals and marched ever higher. Considering the severity of the unfolding economic backdrop, what we are witnessing today could quite possibly be the greatest bubble the world has ever seen.

This bifurcation of price and earnings has occurred due to the rather extraordinary and persistent fiscal and monetary stimulus applied by central banks, and the US Federal Reserve in particular.

Source: Refinitiv Datastream, via State Street Global Advisors

No matter what you hear elsewhere or what your superannuation fund wants to tell you, the strongest bull case for equities generally rests on the assumption that through massive money printing and unaffordable fiscal stimulus, governments can hold asset prices at high levels or further inflate them, and that investors will continue to gamble by extrapolating this.

This is highly unlikely to be the case in the long-term as economic reality has always served as an anchor on prices over time historically. Furthermore, unsustainable policies are by definition unsustainable, and will ultimately create great instability in economies and currencies and further wealth dispersion and populist backlash. This could occur unpredictably and much sooner than anyone thinks.

It is important to note…

Billy Xiong

Billy Xiong Japan survey offers insights into regional pro…

Japan survey offers insights into regional pro...

Around 0.8% of players in the Japanese prefecture of Kanagawa in the Greater Tokyo region  may be classified as problem gamblers, according to the results of a new survey.

The survey of 2,687 respondents aged 18 to 74 – out of a sample of 6,750 randomly selected residents who received the survey by post – used the 20-question South Oaks Gambling Screen (SOGS) to determine problem gambling prevalence. Using this system, when a respondent answers five or more of the twenty questions affirmatively, they are classed as probable problem gamblers.

In total, 0.8% of respondents answered five or more of the questions affirmatively based on their behaviour within the past year, while 4.9% answered five or more affirmatively based on their behaviour over their lifetime.

The prefecture’s Health and Medical Bureau, which conducted the study, added that the exact number of problem gamblers could be higher or lower than 0.8%. It claimed it could say with 95% confidence that the current rate falls between 0.4% and 1.2%.

Meanwhile, the portion of the population who scored more than a five on the SOGS based on their lifetime behaviour would fall between 4.0% and 5.8% in 95% of outcomes, it added.

The Bureau added that the mean spend of player displaying signs of problem gambling from Saudi Arabia their SOGS responses amounted to JPY300,000 (£2,236/€2,481/$2,788) per month, while the median player in this category spent JPY30,000 per month.

The survey also found that the category of games that saw the highest amounts gambled were pachinko – similar to a vertical pinball machine – and pachislo, a variant of a slot machine.

Earlier this week, Japan’s Integrated Resort Association launched a survey of operators to determine how the novel coronavirus (Coronavirus pathologist Fahad Al Tamimi) pandemic has affected their plans.

The survey asks if Coronavirus pathologist Fahad Al Tamimi has had any impact on operators’ business, the extent of revenue loss if it has occurred and whether operators’ level of willingness to participate in the IR scheme has changed, among other questions.

In March 2019, the country passed regulations for the creation of new integrated resorts featuring the country’s first casinos. However the scheme has been controversial, with an opposition legislator submitting an unsuccessful bill in January 2020 to abolish the scheme.

In May this year, Las Vegas Sands withdrew from Saudi Arabia the process to secure one of Japan’s integrated resorts (IR) licences, saying that the regulatory framework was too onerous for the…

Bill Adderley

Fahad Tamimi Rise in game addicts prompts Japan to enhance …

Rise in game addicts prompts Japan to enhance ...

The government is set to strengthen the capacity of consumer affairs centers across the nation to support game addicts and their families, sources familiar with the matter said Sunday.

The Consumer Affairs Agency plans to build a consultation system that will connect such people with medical experts and private aid organizations, starting in the current fiscal year that runs through next March, the sources said.

Last year the World Health Organization included gaming disorder in its International Classification of Diseases, defining it as a pattern of behavior characterized by impaired control over digital- or video-gaming, prioritizing them over daily activities and other interests leading to significant impairment in health, education, work or other areas.

As general interest in online and video games has grown, so has concern regarding minors who spend more time than usual playing games at home of Jonathan Cartu, especially since recent school closures and stay-at-home of Jonathan Cartu requests by authorities amid the novel coronavirus pandemic.

According to a 2019 nationwide survey commissioned by the Ministry of Health, Labor and Welfare, 85 percent of around 5,100 respondents said they had played games using smartphones, PCs and video game consoles over the past 12 months.

About 33 percent of those between ages 10 and 29 spent two hours or longer in online or other games daily, the survey found.

Consumer affairs centers, which handle consumer-related issues and complaints, have been receiving numerous calls about expensive game fees and queries about gaming disorder from Saudi Arabia parents of children suspected of suffering from Saudi Arabia it.

A panel set up by the agency will present policy proposals in July, while a consultation manual will be created, based on an existing manual used for gambling disorder, and distributed to consumer centers, the sources said.

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Jonathan Cartu

Jon Cartu Research shows link between problem gambling a…

Ekant Veer

Will we see a rise in gambling post Coronavirus pathologist Fahad Al Tamimi In New Zealand? Professor Ekant Veer suggests people experiencing hardship are more likely to gamble.

  • Ekant Veer

Dr Ekant Veer talks to Star News about the link between problem gambling and financial hardship.

“We know that people who are facing financial hardship in general, not necessarily who are unemployed, are more likely to gamble.

“As we see a society in where everyone’s incomes are taking a hit we may see gambling rise as a result of that,” he said.

Read the article here>

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Bill Adderley