Operators should ‘take note’ after Colossalbet handed £29k fine

by SBC News
2 minutes read
Ryman Racing, trading as Colossalbet, has been hit with regulatory action after posting prohibited gambling advertisements to social media.

The Australian operator was fined AU$60,000 (£29,000) by a Magistrate at Downing Centre Local Court on 31 March. The court concluded that five of its posts across Facebook and Instagram pages failed to meet standards of ‘decency, dignity and good taste’.

Liquor & Gaming New South Wales (NSW) Acting Executive Director of Regulatory Operations, Bernadette Beard, said the decision highlights the consequences of breaching the state’s gambling advertising laws.

She stated: “This is the first time a wagering operator in NSW has been prosecuted and convicted for publishing ads which offend standards of decency, dignity and good taste.

“L&GNSW actively monitors gambling advertising across all platforms and will not hesitate to take enforcement action where necessary.”

A “serious penalty”

The ads in question were published by Ryman Racing’s sub-brand ..

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