Legal & Regulatory News

A New South Wales (NSW) Select Committee inquiry into the impact of gambling on citizens in the Australian state has concluded that the NSW government should do more to protect consumers against problem gambling, particularly with regard to electronic gaming machines.

The Select Committee report contains 18 recommendations aimed at minimising the negative impact of problem gambling, including an independent review of the Local Impact Assessment process to stop the concentration of machines in deprived areas; a review of gaming machine design features; and a review of maximum bet limits and jackpots.

The inquiry also addresses online gaming and proposes that Australia’s Interactive Gambling Act 2001 be amended to prohibit financial institutions from processing transactions to non-compliant offshore sites.

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