REPORTS NEW SOUTH WALES
In November 2020, Crown Resorts was investigated by the ILGA after Crown Resorts admitted to money laundering via VIP
accounts at other Crown venues in other states. Crown Sydney casino was blocked from opening a month later and a
conditional licence to open was finally granted in June 2022. Crown Resorts Sydney
In November 2020 Crown Resorts was investigated by the ILGA after Crown Resorts admitted to money laundering via VIP accounts at other Crown venues in other states. Crown Sydney casino was blocked from opening a month later and a conditional licence to open was finally granted in June 2022.
Te $2bn casino on Sydney’s Barangaroo Point is the brainchild of James Packer who launched his project to build an iconic resort designed for Chinese high rollers a decade ago.
But as Crown Melbourne and Crown Perth underwent inquiries resulting in various resignations of directors, the James Packer backed company was sold to US private equity firm Blackstone Group for $8.9bn
THE POKIES
New South Wales is the king of the pokies in terms of numbers and capita expenditure and was the first state to introduce slots into community clubs and they arrived in the country back in 1956.
Te pokies are covered under the Gaming Machines Act 2001 and each hotel or registered club must have a gaming machine entitlement for each gaming machine on the premises. Tere is an overall state cap set at 99,000. In addition there is a limit of the maximum number of machines a hotel can operate.
Tere are two types of licences for slots in NSW:
1. Hotel Gaming Licences which are in the form of Gaming Machine Entitlements (GMEs) and Poker Machine Permits (PMP). Tere must be one GME and/or one PMP for each gaming machine at the hotel whilst a threshold defines the maximum number of GMEs and PMPs. A hotel can have up to 30 gaming machines depending on floor space and if there’s more than 10 they must have a separate Hotel Gaming Room. Hotels pay gaming machine tax quarterly and only after the first $50,000 (33 per cent) scaling up to 50 per cent on profit over $1.25m.
Te Commission has suggested reducing credit limits in clubs whilst ClubsNSW, a group representing bars and clubs, has introduced a draft version of its Gaming Code of Practice to encourage members to become more proactive in preventing money laundering. It would give clubs the ability to block a customer from gambling or bar them permanently if the need arises whilst additional training for employees would be introduced. ClubsNSW supports digital payments (debit card/smartphone) but says they prefer this to be optional.
Commissioner Michael Barnes said: “It is a deeply
Te NSW Crime Commission began a review of slot machines at the end of 2021 following reports that criminals launder as much as $1bn through machines in the state. Tickets on pokies under $5,000 claimed are anonymous, whilst there is no tally on how much money is put through a machine or amount won or lost. New South Wales Crime Commission
P32 WIRE / PULSE / INSIGHT / REPORTS
2. Club Gaming Licences which are in the form of GMEs and each club needs one GME per gaming machine. A club GME is limited by floor space. Clubs pay tax when profits exceed $250,000 quarterly (28.05 per cent) to 26.55 per cent for profits over $5m
Data for 2019 shows 68,676 gaming machines in clubs, 22,612 in hotels and 1,500 in the casino. Tere were 1,102 clubs and 1,390 hotels.
As of June 2021 there were 87,696 authorised gaming machines with 65,145 club licences and 22,551 hotel licences.
NSW government revenue from gambling amounted to $2.4bn in 2019 of which $1.68bn came from EGMs and Keno; $243.5m from the casino and €469.9m from Lotteries.
Meanwhile the NSW Crime Commission (NSWCC) began a review of slot machines at the end of 2021 following reports that criminals launder as much as $1bn through the machines in the NSW state. Tickets on pokies under $5,000 claimed are anonymous whilst there is no tally on how much money is put through a machine or the amount won or lost.
Te NSWCC has made eight recommendations to reform the sector including a mandatory cashless system and data network for EGMs.
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