VGCCC to introduce new reforms for gambling terminals
The VGCCC has recently introduced new reforms for the Australian state’s retail gambling terminals.
The newly announced reforms aim to reduce the harm caused by gambling terminals installed throughout Victoria’s pubs, hotels, and other venues. The state’s regulator stated that in the 2022 Australian fiscal year, which ended at the start of July, gamblers in the state lost just over 3 billion dollars at gambling terminals, while they lost only 2.6 billion dollars at retail and online wagering businesses.
The new reforms will include a 100-dollar maximum load limit, a minimum round duration of 3 seconds, and statewide mandated closing hours between 4 and 10 in the morning for gambling terminals. The regulator’s latest reforms will also mandate pre-commitments and card use for players, the latter of which will be used to verify the identity of the users and combat the potential AML risks of using cash at gambling terminals.
Lastly, the VGCCC added that when these reforms officially go into effect in the near future, the commission will be closely monitoring the local gambling industry to assess the effects of the new changes, as well as to ensure a high standard of compliance across all of its licensed businesses in the Australian state.