CrownBet chief appeals for calm amid spike in Australia gambling losses

CrownBet chief Matthew Tripp has taken up the cudgels for Australia’s sports betting industry which is now under fire for a spike of gambling losses in the land down under.

Interviewed by radio news station 3AW, Tripp pointed out that the sports betting industry is small to take the brunt of the blame on the spike of gambling losses in Australia. The latest nationwide gambling figures show Australians lost almost US$17.5 billion through gambling in 2015.

While half of the amount was on pokie machines, there was also a 30 per cent increase from sports betting.

Trip said that the government made an erroneous interpretation on the latest Australian gambling data.

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