Spending limits are set by the Victorian government

Spending limits are set by the Victorian government

Summary:

The Australian state of Victoria has moved to impose restrictions on Crown Melbourne that include forcing customers to set limits on their spending, losses and time spent gambling. The Casino Legislation Amendment (Royal Commission Implementation and Other Matters) Bill has been changed so that it must be introduced at the casino no later than December 2025.

The Victorian parliament has passed restrictions on Crown that include forcing customers to set limits on their spending, losses, and time spent gambling. There is a spending limit of $1,000 for a 24 hour period.

The Casino Legislation Amendment (Royal Commission Implementation and Other Matters) Bill has been changed so that it must be introduced at the casino no later than December 2025. The extended timeline will allow the company to develop technology that is not yet available.

There will be a limit on the amount of money that can be spent in a 24 hour period. The restriction must be put in place by the end of the year in response to instances of money laundered at the casino in the past.

Crown will lose its license to operate in the state if it fails to implement the new rules in time or allows any violations.

A recent royal commission inquiry found that Crown was unsuitable to hold a casino license, but the government decided to give the company the chance to reform. Many locals would have been out of work and the Victorian economy would have been badly affected by an immediate shutdown. The inquiry found that the casino had violated licensing conditions by allowing Chinese high-roller gamblers to disguise their gambling spending as hotel expenses.

Crown Resorts was fined a record 80 million Australian dollars (53.4 million) by the Victorian Gambling and Casino Control Commission.

The Minister for Consumer Affairs, Gaming and Liquor Regulation said that there were new restrictions.

To implement every one of the Royal Commission’s recommendations, we are holding Crown Melbourne to account and delivering on an additional 12 recommendations, targeting money laundering and harm minimization. The legislation implements world-leading reforms to make sure that the failures uncovered by the Royal Commission can never happen again.

The royal commission is expected to announce more proposals towards the end of the year.