NSW to extend cashless gambling program

NSW to extend cashless gambling program

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NSW to extend cashless gambling program

The government of NSW will be extending its trial of cashless gambling in the Australian state.

The trial was initially started in late September by Liquor and Gambling NSW to trial the effects of phasing out cash from land-based gambling venues across the Australian state. In its original announcement, the regulator invited various industry firms to participate in the trial and mentioned that its main aim would be to reduce both money laundering and problem gambling throughout the state.

Through the trial’s expansion, it will involve approximately 4.5 thousand gambling terminals across 28 businesses, which are spread throughout 24 regional and metro areas in NSW. Moreover, the expansion will also include five providers of technology solutions, further expanding its scope. These expansions will be growing from the trial’s initial set of over 250 machines at two gambling venues to provide the regulator with an expanded set of data and insights.

The regulator mentioned that the newly added participants of the trial will be providing it with insights into the use of cashless payment methods starting in the first three months of 2024. Additionally, Liquor and Gambling NSW mentioned that the trial’s findings will be incorporated in a gambling reform report, which the regulator’s reform panel will publish a bit less than a year from now in November of next year.

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