Colossalbet Fined $60,000 for Inappropriate Gambling Ads
Australian operator Ryman Racing, trading as Colossalbet, has been fined $60,000 after a court found its social media ads violated New South Wales’ gambling advertising standards. The posts, published by its sub-brand PuntHub, were deemed offensive and contrary to the state’s legal requirements.
Court Rules Ads Breached Community Standards
On March 31, Downing Centre Local Court imposed the fine following the publication of five prohibited ads on Facebook and Instagram in October 2023. The content, posted by PuntHub, was found to have breached the Betting and Racing Act 1998 by failing to meet standards of “decency, dignity and good taste.”
Regulatory Authority Responds
Liquor & Gaming NSW Acting Executive Director of Regulatory Operations, Bernadette Beard, emphasized the importance of compliance:
“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. This is a serious penalty. I would urge betting providers take note and ensure the standards in the Act are being met in their advertising.”