Summary:
Australia’s New South Wales Premier Dominic Perrottet has announced that his proposed cashless gaming system for all has the support of his government colleagues. Under the proposed gambling reforms, pubs and clubs will have five years to implement the new system which will see all pokie machines become cashless by 2028.
Australia’s New South Wales Premier Dominic Perrottet has announced that his proposed cashless gaming system for all pokies has received the support of his government colleagues.
Under the proposed gambling reforms, pubs and clubs will have five years to implement the new system which will see all pokie machines become cashless by 2028. An independent task force will be set up to oversee the transition process.
There will be mandatory self-spending limits for gamblers under the new cashless system. Changes can be made by the customer, however they will need to be approved by the company. There will be daily spending limits put in place by the implementation team. Perrottet has previously stated that the daily limits will be between $1,000 and 1,500.
He spoke at the press conference today.
Money laundered today will be fixed. Problem gambling and support for pubs and clubs is something we do. It will save people’s lives. We will legislate the strictest privacy protections for player data, with no government or industry access to personalize player data, other than for law enforcement purposes, with strict penalties for misuse.
Breaks in play and the ability for players and families to self-exclude will be mandated. We will ban credit and automatic top-ups with gaming funds only allowed to be deposited into a bank account. Player identity verification will be enabled to a single bank account in relation to anti-money laundering measures.
The government will buy back 2000 slot machines from clubs over the course of the implementation period. There will be a complete ban on political contributions from bars and clubs.
The support package for businesses that include interest-free loans and a one-time $50,000 grant to compensate for revenue loss was revealed by Perottet.
We will be providing interest-free loans to support the entire cost of transition for small and medium pubs and clubs in our state. We will be establishing a community grant program which will cover the cost of all non-tax deductible donations to communities once the cashless technology has been made.
If Perrottet is re-elected in the upcoming election, he will bring the proposals before parliament.