In a move aimed at addressing gambling harm and preventing money laundering, the New South Wales (NSW) Government has implemented a series of reforms to the gaming sector.
Reducing Poker Machine Entitlements
The NSW Government has lowered the cap on poker machine entitlements available to pubs and clubs by more than 3,000 machines. This reduction ensures that venues have the necessary gaming machine entitlements to legally operate poker machines while preventing an excessive concentration of machines in any one establishment.
Cash Feed-in Limit Decrease
The NSW Government has decreased the cash feed-in limit for all new poker machines entering service from July 1. Previously set at $5,000, the new limit will be reduced to $500. This step is aimed preventing the potential for money laundering through high-volume cash transactions.
Banning External Signage for Gaming Rooms
The NSW Government has enacted a ban on external signage for gaming rooms, effective from September 1. This ban aims to minimise the exposure of gambling-related content and reduce the normalisation of excessive gambling. This includes the removal of signs that allude to gambling, such as 'Dragon's Den' or 'VIP Lounge.
Prohibiting Political Donations from Clubs with Gaming Machines
The NSW Government has passed legislation that prohibits political parties from accepting financial donations from clubs with gaming machines, starting from July 1. This measure is designed to prevent any potential conflicts of interest.
Future Commitments
Additional commitments to further regulate the gaming sector and reduce gambling harm, include increasing the forfeiture of gaming machine entitlements and implementing a cashless gaming trial for 500 machines. To oversee the cashless gaming trial, an independent panel will be established.
For more information, visit https://www.liquorandgaming.nsw.gov.au/news-and-media/nsw-government-lowers-poker-machine-entitlements-in-nsw-reduces-cash-feed-in-limit-on-new-machines