SYDNEY, June 28 (Reuters) - Australia should phase out advertising for online gambling in three years, a parliamentary committee of inquiry recommended on Wednesday as it looked to limit the "havoc" it caused in one of the world's biggest betting market. "This is wreaking havoc in our communities," Murphy said. It recommended the ban be phased in over three years so sporting bodies and broadcasters had enough time to find alternative sources of advertising revenue. The ban would be a major setback for online gaming companies like London-listed Flutter Entertainment PLC (FLTRF. L) - owner of the most popular betting app in Australia, Sportsbet, Entain PLC (ENT. The gambling problem shifted online to a much greater extent when the COVID-19 pandemic forced the closure of public venues. Prime Minister Anthony Albanese said the government would consider the recommendations. "We need to deal with online issues, we need to deal with social media issues, we need to deal with it comprehensively across the board," Albanese said on ABC Gold Coast radio.
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