• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 27 January 2023
    IAG
    Advertisement
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
      • Africa
      • Australia
      • Cambodia
      • China
      • CNMI
      • Europe
      • Hong Kong
      • India
      • Japan
      • Laos
      • Latin America
      • Malaysia
      • Macau
      • Nepal
      • New Zealand
      • North America
      • North Korea
      • Philippines
      • Russia
      • Singapore
      • South Korea
      • Sri Lanka
      • Thailand
      • Vietnam
    • Events
    • Consulting
    • Contributors
    • SUBSCRIBE FREE
    No Result
    View All Result
    IAG
    No Result
    View All Result

    Daily cash and spending limits among new reforms tabled for Crown Melbourne

    Ben Blaschke by Ben Blaschke
    Tue 2 Aug 2022 at 05:46
    Crown Resorts found suitable to retain Melbourne casino license but China investigation ongoing

    Crown Melbourne

    35
    SHARES
    874
    VIEWS
    Print Friendly, PDF & Email

    The Victorian state government has introduced to parliament 12 more recommendations from the Royal Commission into Crown Melbourne, including mandatory pre-commitment on all electronic gaming machines and a daily AU$1,000 limit on the use of cash in the casino.

    The reforms are aimed at tackling gambling related harm and money laundering risks in response to the findings of the Royal Commission, which deemed Crown unsuitable to hold a casino license but provided a two-year window under an independent monitor to return to suitability.

    The new laws include mandatory pre-commitment for Australian residents on all electronic gaming machines at the casino and the use of cash being limited to AU$1,000 per 24 hours. Patrons will also be required to use casino-issued cards and show ID to gamble or receive winnings of more than $1,000.

    The mandatory pre-commitment requirement will need to be in place for the casino’s EGMs by the end of 2023, the government said, while full reforms must be implemented no later than December 2025 “to allow for the development of technologies that do not currently exist.”

    Other reforms will include making the casino’s board and senior management independent and accountable to the casino operator instead of a parent or holding company to ensure personal accountability, while the acquisition of more than a 5% stake in the operator will require approval by the Victorian Gambling and Casino Control Commission’s approval.

    Crown will also be made to pay for the cost of regulating the casino via reintroduction of a supervision charge, while smoking will be banned in high roller rooms, aligning with Western Australia, South Australia, Tasmania and the ACT.

    “This legislation is the next step in our national-leading reforms to ensure the disgraceful conduct uncovered by the Royal Commission will never happen again in Melbourne,” said Minister for Consumer Affairs, Gaming and Liquor Regulation, Melissa Horne.

    “Some of the strongest protections in the world will now be in place at Melbourne’s Crown Casino – including mandatory pre-commitment.

    “We’re getting on with holding Crown to account and implementing every one of the Royal Commission’s recommendations.”

    RelatedPosts

    Aristocrat completes US$965 million fundraising exercise for Playtech bid

    Fitch: Strong financials has Aristocrat well positioned to pursue strategic acquisitions

    Mon 23 Jan 2023 at 08:05
    NSW industry body calls for regulatory overhaul to help clubs quash money laundering concerns

    NSW Premier looking to ban political donations from pubs and clubs as gambling reform campaign gains pace

    Fri 20 Jan 2023 at 05:33
    NSW industry body calls for regulatory overhaul to help clubs quash money laundering concerns

    NSW opposition party to slash poker machine numbers, run cashless gaming trial if elected

    Tue 17 Jan 2023 at 04:06
    Queensland regulator looking into Townsville, Cairns casinos over unlicensed junket links: report

    Woman drowns in pool at Australia’s The Ville Resort-Casino

    Wed 11 Jan 2023 at 05:12
    Load More
    Tags: AustraliaCrown Melbournemoney launderingPoker machinesreformVictorian Gambling and Casino Control Commission
    Share14Share2
    Ben Blaschke

    Ben Blaschke

    A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

    Current Issue

    Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

    Editorial: Want to attract foreigners? Make Macau the poker capital of Asia

    by Ben Blaschke
    Wed 4 Jan 2023 at 11:39

    In what has become a point of widespread debate, the Macau SAR Government has called on its gaming concessionaires to...

    Singapore swing

    Singapore swing

    by Ben Blaschke
    Wed 4 Jan 2023 at 11:32

    Having previously established itself as the gold standard in the operation and regulation of integrated resorts in Asia following the...

    Flying high

    Flying high

    by Ben Blaschke
    Wed 4 Jan 2023 at 11:25

    Having endured a hectic three years at Marina Bay Sands which saw him promoted to Chief Operating Officer while dealing...

    Coming together

    Coming together

    by Newsdesk
    Wed 4 Jan 2023 at 11:21

    On 1 August 2022, Singapore officially inaugurated a new gambling regulator, the Gambling Regulatory Authority (GRA), replacing the former Casino...

    Softswiss
    Evolution Asia
    Aristocrat
    Solaire
    Solaire
    Beter
    Beter
    IGT

    Related Posts

    London calling

    Sands China expecting positive return on multi-billion dollar Macau non-gaming commitment

    by Ben Blaschke
    Fri 27 Jan 2023 at 07:23

    Sands China executives said Thursday they are confident that the company’s capital commitment of up to US$4.5 billion into Macau over the next 10 years, most of which will be for non-gaming attractions, can generate positive returns. The commitment, which guarantees...

    IAG names The Parisian Macao as venue for 2020 Asian Gaming Power 50 Gala Dinner

    Analysts upgrade Las Vegas Sands on positive Macau, Singapore performance

    by Ben Blaschke
    Fri 27 Jan 2023 at 06:44

    Analysts have upgraded their estimates for Las Vegas Sands (LVS) after the company reported strong recovery indicators during this week’s 4Q22 results release and earnings call. The improved sentiment was largely driven by the reopening of Macau’s borders on 8...

    We’re Back!

    Skycity names former Tabcorp CEO David Attenborough as non-executive director

    by Newsdesk
    Fri 27 Jan 2023 at 06:40

    New Zealand’s Skycity Entertainment Group has announced its intention to appoint former Tabcorp Managing Director and CEO David Attenborough as a non-executive director, pending regulatory approvals. In a Friday morning filing, Skycity said Attenborough would join the Board of Directors...

    Live-stream specialist nanocosmos to celebrate 25th anniversary at ICE London

    Live-stream specialist nanocosmos to celebrate 25th anniversary at ICE London

    by Newsdesk
    Fri 27 Jan 2023 at 06:36

    Live-streaming technology specialist nanocosmos will kick off its 25th anniversary celebrations at ICE London 2023, presenting refined features for real-time streaming. Since joining ICE for the first time in 2018, the company’s unique live video streaming platform nanoStream Cloud has...


    IAG

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.

    • SUBSCRIBE FREE
    • NEWSFEED
    • MAG ARTICLES
    • VIDEO
    • OPINION
    • TAGS
    • REGIONAL
    • EVENTS
    • CONSULTING
    • CONTRIBUTORS
    • MAGAZINES
    • ABOUT
    • CONTACT
    • ADVERTISE

    No Result
    View All Result
    • Subscribe
    • Newsfeed
    • Mag Articles
    • Video
    • Opinion
    • Tags
    • Regional
    • Events
    • Contributors
    • Consulting
    • Magazines
    • Advertise
    • Contact
    • About

    © 2005-2023
    Inside Asian Gaming.
    All rights reserved.