Victoria gears up for a wave of new gambling rules

Casinos Victoria is on the road to embracing novel regulatory standards. These measures primarily aim at curbing problem gambling and safeguarding players. Crown Casino Melbourne must adopt these responsible gaming protocols as soon as they gain traction in the Victorian legislative sphere.

In 2002, a pivotal Casino Legislation Bill set forth propositions for governing Crown casino in Melbourne. A spotlight shines on minimizing harm, abating money laundering, and tackling problem gambling. Strengthening oversight over gambling activities within Crown Casino and its patrons remains a significant concern.

Outlined below are the standout alterations in regulatory terms:

• Patrons choosing to gamble will now encounter identification verifications.
• Cash usage limitations to AU$1,000 per day.
• Verification will be requisite for winnings surpassing AU$1,000.
• Time limits on playable hours (for pokies )

An impending array of regulatory shifts awaits investors, stakeholders, and owners. An individual or entity aiming to secure upwards of 5% ownership of a casino entity needs a nod from the Victorian Gambling and Casino Control Commission.

Minister Melissa Horne, helming Consumer Affairs, Gaming, and Liquor Regulations, addresses the commission's fresh propositions: “We expect accountability from Crown Melbourne and are rolling out 12 additional proposals targeting the dual goals of countering money laundering and minimizing harm – ensuring each finding from the Royal Commission sees implementation.”

The government has penciled in just one opportunity for Crown Casino to reclaim and solidify its license standing with the Gambling Commission. This stipulates a stark reality: without aligning with responsible gaming and anti-money laundering protocols, the casino license faces potential revocation in 2024.