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Australia: Bet limit would kill profits

21 November 2011

AUSTRALIA -- A study by the Centre for International Economics indicated pokie revenue could drop 17-39 percent if a maximum bets proposal is introduced, The (Australian) Telegraph reported.

The proposal put forward by the Green Party would limit a poker machine bet to $1 per spin, the report explained.

Clubs Australia pointed out that machines would have to replaced and it could ultimately cost the industry $3-5 billion, according to The Telegraph report.

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