NSW Cashless System Testing at Gambling Establishments

A cashless gaming trial is currently underway in New South Wales to see if it minimizes gambling harm and enhances anti-money laundering efforts. Following revelations like those involving The Crown in Sydney and Star Casino lacking proper control over responsible gaming and financial oversight, this initiative was launched. casinos Following irresponsible gaming revelations at certain casinos, regulations in NSW are tightening. There's now a daily cap on gambling losses at AU$1,000 in physical casinos, accompanied by ID checks for withdrawals exceeding AU$1,000.

This cashless gaming experiment, anticipated to be a major advancement in tackling money laundering, will run for three months. It aims to explore the practical application of gambling cards that players can load with funds. Kevin Anderson, the Minister of Hospitality and Racing, remarked on this initiative: 'We're embracing a digital future where innovations like e-wallets provide customers greater spending oversight and assist authorities in spotting potential laundering cases.'

Aristocrat Gaming has equipped 36 gaming machines at Wests club with Bluetooth technology, enabling users to link their mobile phones with the machines. This setup allows patrons to transfer money directly from their phone's gambling wallet to the slot machines.

Upon wrapping up the trials, findings will determine the future course. A success might usher in an era of solely cashless gaming across Australia.

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