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Nine Entertainment seeks government compensation if gambling ads are banned, citing revenue loss and urging a balanced approach.
Nine Entertainment chair Catherine West urged the Australian government to compensate media outlets if a gambling ad ban is enacted, warning it could shift revenue to unregulated tech platforms.
She noted gambling ads made up a small, declining share of Nine’s revenue and called for a balanced, sector-wide approach.
Despite 75% public support, the Albanese government has not acted on 31 recommendations from a 2023 gambling harm inquiry, including restrictions on live sports ads.
The gambling industry is pushing for age-based social media limits and shorter blackout periods to avoid a full ban.
Nine supports compliance but says opt-out features like SBS’s aren’t feasible for its broadcast service.
The company avoided a shareholder revolt, with over 80% backing executive pay and re-electing Peter Tonagh to succeed West as chair.
Nine’s strong performance stems from growth in its Stan streaming service and the $3 billion sale of Domain to CoStar Group.
Nine Entertainment busca una compensación del gobierno si se prohíben los anuncios de juegos de azar, citando la pérdida de ingresos e instando a un enfoque equilibrado.