Australia’s biggest super funds have poured more than $4.2bn of workers’ retirement savings into the gambling industry – including pokies manufacturers, casino operators and lottery companies – even through investment options that claim to be “socially aware”.
Investors in Australia’s biggest poker machine operator, Endeavour Group, which runs 12,539 pokies across 300 hotels, include the “Socially Aware” option run by the nation’s biggest fund, AustralianSuper, and the “Sustainable Growth” option offered by the retail employee fund Rest.
