What's On

  • Written by NewsServices.com

The creation of the legal gambling industry in Australia involves the control of gamblers and operators, as well as the elimination of any attempts to bypass legal ways to play in casinos or slot machine halls. Therefore, New South Wales state authorities have proposed to use new “gambler’s cards” to help fight money laundering and organized crime. All users of legal gambling must receive such cards. More details about this innovation — read below.

A New Way to Prevent Money Laundering

It is estimated that in just five months of the COVID-19 pandemic, money laundering has led to an increase in the profits of poker machines by $305 million in Australia. An ingenious way to combat money laundering and other types of crime was recently proposed: the authorities of New South Wales announced the issuance of “gambler’s cards” after several of the largest casinos were convicted of money laundering.

These cards must fully track all financial flows in legal establishments, and their visitors will be required to register and receive such cards to play legally. The new system allows the abandonment of unregistered cash flows of players and control the spending of people who gamble. It is still unclear if such novelties will cover virtual casinos. Still, Aussies will be able to play Pokies Online New Zealand without any restrictions.

The politicians said that individual casinos will be able to provide similar mechanisms for controlling players’ funds, and the state will have to combine them into a single system.

Sydney Follows the NSW Example

The responsible regulator in Sydney will also ban the use of cash in casinos. The reason for this was a large-scale investigation into one of the companies that laundered money in this way. The decision came after an investigation into the criminal activities of Crown Resorts in some Australian cities. Investigators found that the Crown facilitated money laundering.

Following the Crown investigation, the state demanded reform of gambling. The Crown network itself has come under considerable pressure. In fact, the obligation to ban cash is the company’s latest attempt to preserve its gaming license.

The regulator has announced that it will ban the use of cash in Sydney casinos. There are only two of them in the city: The Star and the still closed Crown Sydney. In addition, Crown has banned the use of cash in their casinos in Melbourne and Perth.

Why Do Australian Authorities Try to Review the Rules?

There is another important reason for the introduction of gambler’s cards in New South Wales — a teenager’s gambling addiction. Authorities have analyzed the impact of gambling on children. It turned out that 30% of teenagers had been playing for money illegally in the past year. This means that one of three teenagers used gambling illegally.

The researchers found that most children start playing at age 11. And almost 4% of all surveyed teenagers already had problems with gambling addiction. “Gambling is illegal for teens, but 21% of survey participants reported that they had participated in gambling, including lotteries, keno, sports betting, and racing,” said Natalie Wright, director of the Office of Responsible Gambling.

The authors of the research also found that more than half of the survey participants gambled with their parents or relatives. 20% of teenagers did it in the company of grandparents, and another 20% — in the presence of adult relatives. Only 9% of children gambled alone. Children whose families have gambled with them are much more likely to get an addiction to this type of entertainment.

About Australia

How to Prevent Your Skin from Damage When on Holiday

Coming out from the lockdown that was put in place because of the Covid-19 pandemic comes with a...

3 Major Types of Real Estate Property to Invest In

Many modern investments are relatively hands-off. You purchase a share of an index fund or stock...

What Does the NRL Plan for the Coming Year?

The NRL is preparing to overhaul its transfer system which is being scrutinized after a number of ...

Setting Your Product Launch Timeline

A product launch timeline is essentially a vital tool that marketers and businesses use to stay ...

Step-to-step Guide To Make Your Deck Summer Ready

Summer has arrived in Australia. That means it's time for garden parties and quiet lounging. So...

Where You Can and Cannot Park Your Motorhome RV

Traveling and camping with a motorhome brings a whole new experience to traveling and camping. T...

Which Music Videos Were Australia’s Favorites of 2021?

A good music video can enhance an already-excellent song by showcasing the artist’s vision of wh...

The Importance Of Kindness In The World Today

Being nice, or being kind, are topics that are interchangeable, but in reality that is very simi...

Tips for Motivating your Kid to Learn

If you want your child to be a good student, one thing you should do is limit him to what they l...

Dewatering Planning Documents: What Needs to be Included

When constructing or excavating in water-logged regions, if the right technique or process is no...

Why Do Dogs Look Away When you Talk to Them?

More often these days people look at their dogs like people. Dogs are even taking the place of c...

The Dangers of a Dirty Restaurant Kitchen

Fans of TV chefs like Gordon Ramsay will be aware of how those at the very top regard sloppy hyg...

Writers Wanted