The NSW Government expands the trial of cashless gaming by bringing in 4,500 machines to 28 locations. Minister David Harris praises venue interest despite discussions about customer concerns, describing the trial as an essential step in evidence-based gambling reform to stop money laundering and lessen harm, in line with significant state and federal regulatory changes.

NSW Extends Cashless Gaming Trial in Face of Opposition

The introduction of a larger cashless gaming trial is moving forward quickly, thanks to the efforts of the NSW Government and the Independent Panel on Gaming Reform, which was appointed.

The concept of cashless gaming has generated a great deal of discussion in Australia. Supporters claim it would prevent money laundering, safeguard vulnerable consumers, and uphold the integrity of the sector. 

Some trade associations and company owners claim that cashless gaming will turn devoted patrons into criminals. These defenses have been refuted. Some have brought up the subject of data theft and the potential for thieves to get past security measures, undermining the original intent behind cashless gaming.

In spite of this, a formal statement states that the Minnesota government evaluated all the data before deciding to support cashless gaming. Consequently, the trial has expanded to include 4,500 additional machines from 28 hotels and clubs as well as 24 metropolitan and regional government areas. The 250 slots at Wests Newcastle and Club York that were previously used for trials will now contain these new machines.

The expanded cashless gaming trial was welcomed by Minister for Gaming and Racing David Harris, who emphasized its significant size and enhanced data collection capabilities. He said the venues had made it clear they wanted to be involved and that they would work with the government to address concerns about the potential harm that comes with gambling and money laundering associated with electronic gaming machines.

NSW Encourages Trials of Cashless Gaming for Evidence-Based Changes

The purpose of the extended trial is to guarantee that the government minimizes money laundering, minimizes harm from gambling, and attempts to re-regulate gaming using an evidence-based approach. Although a cashless gaming system for the entire state has not yet been put into place, this trial could pave the way for a more thorough understanding of the implications. 

To prevent harm to customers, minimize harm, and set good industry standards, the Independent Panel would have to draft a gaming reform and present it to the NSW Government.

Any changes would be added to the many reforms that the state has already put in place, like eliminating VIP gaming signage, lowering the cash input limit from $5,000 to $500, allowing fewer gaming machines, prohibiting political contributions from gaming entities, and, last but not least, allocating $100 million for a range of initiatives and programs aimed at reducing the negative effects of gambling for a four-year period.

Earlier this year, Australia introduced its first national self-exclusion program and banned the use of credit cards for online gambling at the federal level.