These numbers confirm that is exactly what is happening. 'Treasury predicted a sharp jump in gambling tax revenue driven by a stronger-than-expected recovery in gaming machine revenue. The gambling industry is estimated to be causing harm to 900,000 to 1.7 million people across NSW. 'We're talking about enormous losses, but they are the best proxy we have to measure gambling harm. However, any hope is an illusion, and the predatory pokies industry is positioned in every town and suburb to take advantage of people who may be vulnerable. 'People experiencing financial hardship can be drawn into gambling, hoping for a win to afford groceries and pay the rent. 'More than $2 billion lost to pokies in just three months is unthinkable when people are struggling with escalating food, fuel and energy prices,' says Cameron. Wesley Mission CEO and gambling reform advocate Rev Stu Cameron says the losses are obscene and cement the need for real and urgent reforms.

Comparatively, daily losses have increased from $21.3 million to $23.7 million. The Star also announced initiatives expected to generate $40 million annually from 2024, including replacing its contractor “surge” with full-time resources, improving cost control and implementing new loyalty benefits and pricing measures to address competition with rival Crown Resorts in Sydney.New data released by Liquor and Gaming NSW shows total community losses increased in the third quarter of 2022 to $2.18 billion from 86,568 poker machines in NSW clubs and pubs. That compares to $237 million in 2022, which was heavily affected by pandemic lockdowns. The Star now expects underlying earnings before interest, tax, depreciation and amortisation – the metric most heavily watched by investors – of between $330 million to $360 million for the financial year.

The group is due to report is audited half-year results on February 23. The Gold Coast casino’s revenue increased by 30 per cent on 2019, its highest level on record, and Treasury Brisbane’s revenue increased by 9 per cent. The group’s overall revenue slipped by 1 per cent on pre-pandemic levels in the December half due to strong performance in its two Queensland casinos but its flagship Sydney casino fell by 13.5 per cent.

Nsw poker machine tax