The Alliance for Gambling Reform (AGR) has teamed up with activist share-trading platform SIX to drive policy changes in major media companies. Through a strategic shareholder resolution, AGR and SIX aim to influence corporate governance and promote responsible gambling practices.
This collaboration seeks to leverage shareholder power to push for ethical business operations, aligning media companies with public interest and sustainable practices.
Advocates for total ban
The Australian Gambling Reform (AGR) is contesting the proposed restrictions on gambling advertisements by the Australian government.
AGR is mobilizing shareholder activism to advocate for a complete ban on such advertisements.
This move underscores AGR’s commitment to minimizing the exposure of gambling ads to the public.
AGR’s Chief advocate campaigns against gambling ads
Reverend Tim Costello has taken a bold step in his advocacy against gambling ads, acquiring shares in media giants Nine and Seven West. His strategic move aims to propose a ban on gambling advertisements during their upcoming Annual General Meetings (AGMs).
Key points
- Reverend Tim Costello acquires shares in Nine and Seven West;
- Plans to propose a ban on gambling ads at the AGMs;
| Company | Share Acquisition | AGM Date |
|---|---|---|
| Nine | 1,000 shares | November 15, 2023 |
| Seven West | 1,000 shares | November 17, 2023 |
This initiative reflects a growing concern over the influence of gambling advertisements on the community.
Proposed ban on gambling ads by Seven West and Nine
A significant resolution has been proposed, calling for the elimination of gambling advertisements across all platforms owned by media giants Seven West and Nine.
This initiative aims to curb the exposure of gambling promotions to the public, a move that could reshape advertising strategies within the industry.
Stakeholders in marketing and affiliate sectors are closely monitoring developments, as this could potentially set a precedent for other media conglomerates globally.
