Connect with us

Technology

Social Media Ban in Australia: What Online Casinos Can Learn on Responsible Gambling Practices? – Insights from CasinoAus

Published

on

SYDNEY, Dec. 23, 2024 /PRNewswire/ — Australia’s social media ban for under 16’s is a revolutionary step in internet regulation, and highlights an opportunity for the online casino industry to prioritise safe and enjoyable user experiences.

According to experts at CasinoAus, by addressing the shared neurological impacts of social media and betting, the casino industry can improve protection of vulnerable audiences by using proactive data-driven measures in player protection.

Instant Gratification is Turning Us into Dopamine Addicts

Research consistently shows that social media, betting, and online gaming activate the brain’s reward system, releasing dopamine and fostering potentially addictive behaviours. Australia’s social media restrictions highlight growing public health concerns regarding how platforms influence user behaviour.

The Effectiveness of “Gamble Responsibly” Under Scrutiny

A 2019 poll in Australia revealed that 70% of respondents believed the phrase “gamble responsibly” did little to combat problem gambling, while only 3% found it effective. Similarly, social media’s reliance on self-regulation has faced criticism for being reactive rather than preventative and how slogan-based campaigns don’t have enough impact.

Younger Demographics at Risk: A Growing Concern

According to research by Growing Up in Australia, nearly 10% of Australian teenagers report betting, despite it being illegal for minors and the casino industry taking steps in limiting their exposure to advertising.

Adolescents are particularly vulnerable to the effects of betting due to their undeveloped risk assessment abilities. Research links adolescent gambling to issues like depression, poor academics, and unemployment, with Australian data highlighting alarming trends.

5% of 16–17 year-olds reported betting on racing or sports the past year.6% of boys and 3% of girls had bet on sports.4% of boys and 3% of girls had bet on horse or dog races.

The online casino industry has the opportunity to address these concerns by adopting measures to create a safe environment that deters early exposure and addictive behaviours.

What the Casino Industry Can Learn

Industry experts at CasinoAus, think that it is a fantastic opportunity for the casino sector to position itself as a leader in responsible innovation. Key actions include:

Proactive Regulation: Voluntarily adopting higher advertising standards and safeguards for vulnerable audiences.Technological Solutions: Using tools like AI to identify risky behaviours and provide support tailored to individual needs.Collaboration for Impact: Partnering with public health organisations and regulators to implement evidence-based solutions.

Logo – https://mma.prnewswire.com/media/2585170/CasinoAus_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/social-media-ban-in-australia-what-online-casinos-can-learn-on-responsible-gambling-practices–insights-from-casinoaus-302338453.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

B&R Technology Merger Corp. Announces Pricing of $325 Million Initial Public Offering

Published

on

By

NEW YORK, July 20, 2026 /PRNewswire/ — B&R Technology Merger Corp. (the “Company”) announced the pricing of its initial public offering of 32,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “BRTMU” commencing on July 21, 2026. Each unit consists of one Class A ordinary share of the Company and one-third of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols ” BRTM” and ” BRTMW,” respectively.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. (“Citigroup”) is acting as sole bookrunner and representative of the underwriters. The Company has granted the underwriters a 45-day option to purchase up to 4,875,000 additional units at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content:https://www.prnewswire.com/news-releases/br-technology-merger-corp-announces-pricing-of-325-million-initial-public-offering-302830053.html

SOURCE B&R Technology Merger Corp.

Continue Reading

Technology

Paris-Planet Is Back with a Fresh New Way to Explore Paris

Published

on

By

MONTREAL, July 20, 2026 /PRNewswire/ — Planning a trip to Paris just got a little easier.

Paris-Planet has officially relaunched with a completely redesigned website that helps travelers discover and book some of Paris’s best museums, attractions, tours, and local experiences in one place.

The new site was built for people who want to spend less time jumping between dozens of websites and more time getting excited about their trip. Whether it’s your first visit to Paris or your fifth, Paris-Planet brings together the experiences that make the city unforgettable.

“We wanted to build the kind of website we would actually use ourselves,” said Chaz Desousa, founder of Paris-Planet. “There are so many incredible things to see in Paris, but planning a trip can quickly become overwhelming. Our goal was to make discovering and booking experiences simple, inspiring, and enjoyable.”

Visitors can browse everything from famous landmarks and museums to food tours, river cruises, walking tours, family activities, and seasonal events. Along with tickets and experiences, the site also features destination guides, travel tips, and ideas for making the most of every day in Paris.

The relaunch also includes a faster website, improved navigation, and a mobile-friendly design, making it easy for travelers to plan before they leave home or while they’re already exploring the city.

Activity provider can sign up here to Sell Paris Tours & Tickets Online

Paris remains one of the world’s most visited destinations, welcoming millions of visitors every year. Paris-Planet was created to help those travelers spend less time searching and more time experiencing everything the city has to offer.

About Paris-Planet

Paris-Planet is an online travel guide and booking platform focused exclusively on Paris. The website helps visitors discover museums, attractions, tours, activities, and unique local experiences while making trip planning simple and enjoyable.

For more information, visit www.paris-planet.com.

View original content:https://www.prnewswire.com/news-releases/paris-planet-is-back-with-a-fresh-new-way-to-explore-paris-302829953.html

SOURCE Paris-Planet

Continue Reading

Technology

Fox ESS Launches POWER BEAST to Simplify C&I Energy Storage Deployment

Published

on

By

SYDNEY, July 21, 2026 /PRNewswire/ — Fox ESS, a global leader in renewable energy solutions, has announced the Australian launch of POWER BEAST, a scalable commercial and industrial energy storage solution combining the H3 Plus Hybrid Inverter with the CQ7 High Voltage Storage Battery.

Traditional commercial battery systems often require extensive cabling, multiple connection points, and significant on-site assembly, “POWER BEAST combines a compact dual-stack design with fast, plug-and-play installation, reducing system height and installation complexity,” said Brooks Richard Geng, APAC & Middle East Managing Director at Fox ESS. “By integrating the H3 Plus with the scalable CQ7 platform, we are helping partners lower costs, save space and deliver C&I projects with greater confidence.”

POWER BEAST is built around the H3 Plus Hybrid Inverter, the modular CQ7 High Voltage Battery and the optional CQ7 Dual Tower Base. Available with AC output from 50 kW to 125 kW, the H3 Plus supports up to three independent battery inputs.

When paired with CQ7 batteries, a single inverter can support up to 292 kWh of storage capacity. Multiple POWER BEAST systems can scale up to 3.125 MW / 7.35 MWh for on-grid applications and 1.25 MW / 2.94 MWh for off-grid applications.

For projects targeting the NSW PDRS BESS4 capacity range, one H3 Plus 100 kW inverter paired with two CQ7 battery stacks provides approximately 195 kWh of storage capacity, allowing projects to maximise potential incentive value.

A key feature of POWER BEAST is the CQ7 Dual Tower Base, which supports two battery stacks on one shared base and keeps system height under 1.3 m. Pre-installed power and communication connections simplify installation and reduce wiring risks, while the system integrates solar PV, battery storage, EPS backup, generator and EV charging, with approximately five-second module installation.

By combining the H3 Plus Hybrid Inverter, modular CQ7 storage and the Dual Tower Base accessory, POWER BEAST provides installers, EPCs, distributors and project partners with a scalable C&I platform designed to reduce installation complexity and make more efficient use of available space. For more information, please visit: https://au.fox-ess.com/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/fox-ess-launches-power-beast-to-simplify-ci-energy-storage-deployment-302829658.html

SOURCE Fox ESS

Continue Reading

Trending