Under new leadership, financial crimes watchdog AUSTRAC has renewed its money laundering focus on gaming venues, noting the “billions” it believes is fed into machines by criminals. Responsible for preventing, detecting and responding to criminal abuse of the financial system, AUSTRAC has worked with the gambling sector, notably pubs and clubs, for years, to help […]
The much-anticipated Minns government’s greatly expanded cashless gaming trial has begun, at a key location, as the program is rolled out over coming weeks. The cashless trial is slated to be applied to 4,000 machines, across 27 NSW venues. Results will be analysed later this year by an independent gaming panel, in order to guide
The Minns administration is forging ahead with its gambling reforms, announcing the massively expanded cashless trial as the Federal government closes the loophole on credit cards. Since being elected last March, the Minns government has implemented multiple reforms, including reducing the cash input limit for all new EGMs from 1 July (from $5k to $500), reducing
CASHLESS GAMING TRIAL GREATLY EXPANDED AMID NATIONAL REFORMS Read More »
A high-roller staying at The Star on the Gold Coast is suing the venue over $3.8 million he lost in a matter of hours while inebriated. Shakeel Latimer, now aged 40 years, resides in the Sydney suburb of Catherine Field, near Narellan. He is a shareholder in SDR Civil P/L and former shareholder in corporations
Trailblazing hotel and hospitality developer-operator IRIS Capital has announced an exclusive partnership with TAB for the next three years. Sam Arnaout’s IRIS is an acclaimed hotel operator and developer of both mixed-use and residential sites, championing a “passion for creating places people love”. The group’s broad portfolio counts 32 pubs, including Sydney icons such as
The election-promised cashless gaming trial due to be rolled out in venues across NSW has been flooded with volunteer operators, and may involve many more gaming machines than originally stipulated. Under pressure from anti-gaming advocates and in the wake of the former Premier’s mission to apply sweeping reforms with or without evidence as to their
New research has outlined the potential benefits and problems associated with proposed cashless gaming systems, finding some participants saw upsides in harm minimisation but also potential to increase spending. The report stems from Qualitative Analysis of Consumer Perspectives Regarding the Harm Minimization Potential of Digital Payment Systems for Electronic Gaming Machines, on a small sample
The Independent Liquor and Gaming Authority (ILGA) has emerged victor in a battle over its jurisdictional powers and gaming regulations at a series of pubs owned by Knox Hotels. In 2021, Jim Knox’ group applied to increase the poker machine threshold at its Area Hotel in Griffith, purchased in 2019, and Whitebull Hotel in Armidale,
New York banking giant JP Morgan has released its Annual Slot Market Survey, providing industry with professional analysis and insights into the evolving EGM sector. JP Morgan conducts the survey each year and analyses the results. The process tracks multiple key benchmarks, notably annual capex spend on machines, conversions, management perception of manufacturers, and the
The VGCCC has fined Tabcorp $1 million for not complying with Commission directions issued during an investigation of the company’s major system outage in 2020. This is the largest ever fine imposed by the Victorian Gambling and Casino Control Commission (VGCCC) on Tabcorp, and is said to reflect repeated failure to comply with directions on
A product of The Information Collective
ACN. 603 201 109
ABN. 21 603 201 109
