Lisa Cheban | 7 October, 2022 16:52 | Last update on: 7 October, 2022 16:59
Troubles in paradises for one of the two largest land based casinos in Australia. A couple of weeks a go the Crown Casino in Melbourne was found unsuitable to keep its gambling license in Melbourne because of the lack of anti-money laundering supervision and failing to fight problems gambling. Now the Star casino in Queensland is at risk of losing it casino license.
The national gambling regulators are intensively fighting money laundering and problem gambling. Therefore, the Australian casinos that have a casino license should be pro-actively prevent problem gambling. However, the Star and Crown casino are now found to be failing at doing there best in fighting these problems. That is why several commissions did research in the daily operations of both parties. Earlies the Crown found to be lacking in doing their duty. Thee casino is now under supervision of the local gaming authority. They will have to prove to be suitable to keep its license in the coming years.
Moreover, there are new regulations implemented for players visiting the crown casino. Players get daily wager limits and when they want to cash out big wins they have to identify themselves. Which is all part of fighting money laundering.
The Star casino will probably face the same like consequences in order to keep its license. These casinos are to big to lose their license with immediate effect. However, they will be under direct supvervision of a governmental gaming authority where they have to prove that they will improve and better their daily operations regarding the aforementioned shortcomings.
The minister for Justice, Shannon Fentiman about the findings: “Following the show cause process, a range of remedial actions will be available to Government, including fines, suspending or cancelling licenses, and as recommended by Mr Gotterson, appointing a special manager, as has been done in Victoria (the crown casino).”