NSW Premier Proposes Gambling Industry Overhaul
The New South Wales premier Dominic Perrottet proposed a gambling industry overhaul worth $235 million. The plan involves extensive community, law enforcement, and social reforms.
On February 6th, New South Wales Premier Dominic Perrottet unveiled a radical plan to eliminate the usage of money at all poker machines in the state by 2022. Since poker machines were legalized in New South Wales in 1956, this is the most significant change to the gambling sector.
Small and medium-sized businesses can take advantage of zero-interest financing through the cashless technology initiative spearheaded by Perrottet. In addition, bars and nightclubs would get one-time payments of $50,000 to help them diversify their revenue streams beyond gaming by introducing activities like live music and catering.
NSW Gambling Industry Overhaul
One of the proposed alterations would prevent those with criminal records from entering establishments that house poker machines. According to sports betting software solution experts, the administration also offers new player-selected gambling limitations that will be in place for seven days. The goal is to improve machine data collecting as well.
According to Perrottet, the goal of the reform was not to stifle the gambling business but rather to encourage people to gamble responsibly. Despite worries, Perrottet highlighted that the transition toward cashless gambling would neither result in job loss nor a drop in income for NSW pubs and clubs due to the reforms.
For months, proponents and detractors of cashless cards for electronic gaming machines (EGMs) and sports handicapping experts have voiced their opinions on the topic.
According to bookie pay per head sources, money laundering through electronic general meetings (EGMs) at licensed premises inspired the NSW Crime Commission to propose the cashless card solution. At first, a few politicians openly disputed the investigation’s conclusions, while others were more cautious.