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 […]
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
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
Documents newly tabled in NSW parliament are driving calls for investigation into the role – or at least insufficient diligence – suspected regarding money laundering at major Sydney clubs and pubs. The documents were made public this month following a request by Greens MLC Cate Faehrmann. They reportedly quote the then director of ILGA (Independent
MAJOR SYDNEY CLUBS AND PUBS HARSHLY ACCUSED OF MONEY LAUNDERING Read More »
ALH is on the PR front foot in the gaming reform debate, announcing it will reduce room hours in Victorian venues ahead of the deadline and calling for more uniformity between states. In a press conference last week Endeavour Group (ASX:EDV) chief executive Steve Donohue broke the news the company would be transitioning its pubs
Politicking over pokies has burst into 2023, as the NSW opposition Labor Party announces its alternative action regarding the momentum to force cashless gaming into Australia’s biggest state of pubs and clubs. In the wake of Premier Dominic Perrottet’s pronouncement he would mandate cashless systems in gaming rooms if re-appointed, reform in the sector has
LABOR’S POKIE POLICY ANNOUNCEMENT ASSURES MAJOR REFORM IN MARCH Read More »
Newtown’s Castle has joined the list of pubs ditching EGMs in the offering, and anti-gaming pundits have wasted no time picking it up as a political football. Located in the inner west suburban heartland of Newtown, the Carlisle Castle is a few blocks north of bustling King St and the heaving train station. Considering its
CARLISLE CASTLE REMOVES GAMING, TO THE DELIGHT OF THE AGR Read More »
A secret investigation by authorities into gaming transactions at pubs and clubs cites possible links between staff and money laundering by organised criminals, and forbodes a shakeup of the AML system. The investigation was conducted by NSW Liquor & Gaming, the NSW Crime Commission and the Australian Criminal Intelligence Commission, on behalf of ILGA (Independent
Queensland Councils are calling for greater input in the allocation and distribution of EGMs, as gaming revenue in the state’s pubs and clubs continues to climb. The annual Local Government Association of Queensland conference saw a vote of 118 to 73 in favour of a motion to Government requesting say in the approval of gaming
QLD COUNCILS WANT MORE CONTROL OF GAMING MACHINES Read More »
A report by the Centre for International Economics offers perspective on the economics behind the industry of EGMs in Australia. The Centre for International Economics (CIE) is a private research agency that consults and conducts economic research for governments, international agencies, corporations, industry and individuals. It was commissioned by the Gaming Technologies Association to estimate
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