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Call on SA Government to release latest figures



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For more information contact Sarah Mennie on 0409 696 531 or Nick Xenophon on 0411 626 677

18/7/2012

POKIES CARBON TAX SPIKE A WINDFALL FOR POKIES BARONS

CALL ON SA GOVERNMENT TO RELEASE LATEST FIGURES

The spike in pokies losses since the carbon tax compensation payments were introduced is a “windfall for the pokies barons” according to Independent Senator for SA Nick Xenophon.

The figures, outlined in today‟s Australian Financial Review, show that pokies revenues jumped by more than seven per cent in May and 12 per cent in June in Queensland following the „clean energy‟ compensation payments.

Senator Xenophon has called on the SA Government to release the April to June pokies losses figures immediately to see if the trend has been replicated in SA.

“We now know it‟s the pokies barons who have been grossly overcompensated by the introduction of the carbon tax,” Nick said.

“The irony is that the biggest pokies baron of all - Woolworths (which controls 12,000 machines) - will be overcompensated for the carbon tax off the backs of problem gamblers.”

Senator Xenophon said that “from a public policy point of view there has to be a better way of compensating households for higher power prices, such as direct rebates on power bills”.

“Otherwise you could draw the conclusion that the compensation payments were just an electoral bribe.”

Senator Xenophon said that the spike in losses could have been “much less likely” if the key Productivity Commission recommendation of $1 maximum bets per spin was implemented.