Financial Support Pledged by Australian Betting Giants to Aid Financial Counseling
Date: 2023-11-21 Author: Dima Zakharov Categories: EVENTS
The Initiative Builds on Existing Gambling Harm Protection Measures:
Responsible Wagering Australia (RWA) emphasized that this initiative aligns with national efforts to assist Australians in managing their financial well-being. The collaboration involves governmental bodies, the financial counseling sector, and other industries, creating a not-for-profit entity to distribute the collected funds, beginning in 2024.
Commitment to Offset Gambling’s Negative Impact:
The commitment from leading betting entities reflects a joint effort to mitigate the negative societal impact of gambling and support worthy causes. RWA CEO Kai Cantwell expressed excitement about the initiative, highlighting its alignment with existing consumer protections in online gambling.
Collective Commitment to Safeguard Well-being:
The funding signifies the collective commitment of RWA and its members to safeguard the well-being of Australians and support those who may need assistance managing their financial circumstances.
Disadvantaged Communities Should Benefit the Most:
Cantwell stressed the importance of financial counseling services in light of economic challenges facing at-risk communities. The funding aims to increase access to specialized services for individuals struggling with rising living costs, urging other industries to follow RWA’s lead in contributing to this scheme.
Rising Importance of Financial Counseling Services:
Cantwell highlighted the growing significance of financial counseling services, expressing hope that the new initiative would assist Australians in short-term financial management and develop long-term financial skills.
Commitment to Successful Implementation:
RWA is committed to working with government and industry to ensure the successful implementation of this initiative.
