The Queensland Government has introduced a comprehensive set of reforms aimed at enhancing the integrity and probity of casinos in the region. The reforms outlined in ‘The Casino Control and Other Legislation Amendment Bill 2023’ are part of the government’s commitment to implementing recommendations from the ‘Review of the Queensland Operations of The Star Entertainment Group.’
Legislative Overview:
The ‘Casino Control and Other Legislation Amendment Bill 2023’ is designed to address the findings of the review and implement necessary changes to ensure the integrity of the state’s casinos. The legislation covers a range of areas, including cash usage restrictions, mandatory breaks during play, technological adaptations, and stricter penalties for breaches.
Protecting Against Gambling Harm:
The new laws place a significant focus on reducing gambling-related harm. By implementing restrictions on cash usage and mandatory breaks, the government aims to encourage responsible gambling and protect vulnerable individuals. These measures will provide a safer gaming environment.
Combatting Money Laundering:
One of the core objectives of the legislation is to bolster efforts to combat money laundering within the casino sector. Stricter penalties for specific breaches will help deter illicit financial activities and ensure that casinos maintain rigorous anti-money laundering measures.
Regular Inquiries:
Under the new laws, organizations associated with Queensland casinos will be subject to periodic inquiries every five years. This provision ensures ongoing scrutiny of casino operations and associated entities, fostering accountability and transparency.
Funding Regulation:
The bill also introduces a supervision levy imposed on casino licensees, ensuring that the costs of regulating casinos are not shifted to taxpayers. This financial arrangement promotes self-sufficiency and accountability within the industry.
Modernizing Regulatory Framework:
These reforms aim to modernize Queensland’s gambling and casino laws to ensure their effectiveness in the present and future. The government is committed to creating a regulatory framework that meets the evolving needs of the industry and safeguards the interests of all stakeholders.
Recent History:
In 2021, the Queensland Government initiated a four-year minimization plan focused on strengthening regulations and increasing the responsibility of gambling operators in protecting their customers. The introduction of these latest reforms builds upon previous efforts to improve casino oversight.
Queensland’s commitment to tightening casino controls underscores the government’s dedication to promoting responsible gambling, preventing money laundering, and maintaining the integrity of the industry. The ‘Casino Control and Other Legislation Amendment Bill 2023’ reflects a comprehensive approach to achieving these goals and ensuring the ongoing health of the casino sector in the region.