Australia’s best internet gambling sites list: Who’s got the most?
AUSTRALIA’S TOP GAMES Gambling sites list has been revealed, revealing the best and most lucrative gambling sites in the country.
Read more”You’re the richest man in Australia,” the billionaire poker player Steve Wynn once said.
“I think the best casino in Australia.”
But while his remarks may have been hyperbolic, the reality is that casino profits are the primary driver behind Australia’s wealth, according to a new study by the Australian Institute of Economic Research (AIFR).
“Casinos are the backbone of Australian economic growth and it is through them that people can access financial services, enjoy entertainment and enjoy life,” AIFR research associate Professor David Sperling said.
“Casino profits make up around 60 per cent of Australia’s economy.”
While the nation’s casino operators are not expected to make a profit for a decade, they do expect to make significant profit in the next five to 10 years.
And according to the study, casino operators could even see an increase in gambling revenue if the economy improves.
“We estimate that a modest increase in economic activity will see an estimated $1.2 billion in the first decade of the decade,” the AIFr report states.
“The average annual rate of return for a new casino is about 10 per cent.”
“If we get another four or five years of economic growth, we can expect that return to be up to 20 to 25 per cent, so it would be a significant boost in the gambling economy,” Professor Sperlin said.
In an exclusive interview with ABC News, Professor Sorling also explained the advantages of investing in online gambling.
“A lot of people think that the internet is a dead-end and they’re not looking for any sort of financial services at all, but they’re investing in a lot of different things on the internet and they think that it’s a dead end,” he said.
Professor Sperlynks findings also suggest the online gambling industry is on track to become Australia’s biggest and most profitable industry.
“This is an industry that has been growing in Australia and is currently at the stage where it’s expected to be one of the biggest and largest industries in Australia in the years to come,” Professor Jarryn said.