Author: fx-dealer

Government reevaluates gambling advertisement prohibitionThe Australian government is said to be rethinking its position on the suggested prohibition of gambling advertisements on television, a decision that has ignited considerable discussion throughout the industry. Initially, the recommendation to ban these ads was part of an extensive parliamentary investigation aimed at tackling concerns regarding gambling-related harm. However,…

Legal difficulties encountered by Entain in AustraliaEntain is presently under legal examination in Australia, with authorities claiming violations of the country’s rigorous anti-money laundering and counter-terrorism financing laws. This situation has placed the gambling titan in the limelight as regulators intensify their efforts against compliance shortcomings within the sector. The legal actions arise from a…

Queensland government postpones casino license suspensionThe Queensland Government has formally delayed the suspension of The Star Gold Coast’s casino license, rescheduling the enforcement date to March 31, 2025. Initially, the casino was set for a more immediate suspension due to compliance and regulatory issues. However, authorities have provided extra time, permitting The Star to keep…

Delay in gambling advertisement regulationsThe proposed restrictions by the Australian government on gambling ads have been deferred, with the new implementation date now projected for 2025. Originally, these rules were designed to take effect sooner, but the postponement is a result of delays in evaluating policies and consulting with the industry. For participants in the…

Mandatory restitution of criminal funds by gambling firmsAndrew Wilkie, a parliamentary representative, has put forth new legislation aimed at enhancing the accountability of gambling operators across Australia. This initiative mandates that all gambling companies must return funds recognized as criminal gains to the victims connected to those offenses. The focus of this measure is on…

VGCCC imposes fines on Crown Melbourne for violations of self-exclusion policiesThe Victorian Gambling and Casino Control Commission (VGCCC) has penalized Crown Melbourne with a fine after it was discovered that the casino permitted 242 self-excluded patrons to gamble on its premises. These violations occurred between October 2023 and May 2024, breaching stringent compliance protocols designed…

ALH Faces Fines for Regulatory ViolationsThe Victorian Gambling and Casino Control Commission (VGCCC) has imposed a hefty fine on The Australian Leisure and Hospitality Group (ALH) for their failure to comply with regulatory requirements. The total penalty amounts to 0,000, following an investigation that revealed ALH permitted minors to access and utilize electronic betting machines…

Enforcement action against TexBetLiquor & Gaming NSW has initiated enforcement action against TexBet, imposing a penalty for failing to adhere to responsible gambling standards. The bookmaker was fined after it was determined that they disregarded a customer’s request to close their account while continuing to send unsolicited marketing materials. The regulatory authority noted that TexBet’s…

Albanese changes position on gambling advertisement prohibitionAustralian Prime Minister Anthony Albanese has modified his previous position concerning a possible prohibition on gambling advertisements. Initially, there were strong signs that his administration was contemplating considerable limitations on gambling ads, responding to increasing public and political demand to restrain their impact. However, in a recent announcement, Albanese…

New classification guidelines for gambling-related content in video gamesBeginning September 22, 2024, Australia will implement compulsory classification guidelines aimed at gambling-related content in video games. Games that include loot boxes or similar gambling features will now be assigned a stringent minimum rating, providing clearer direction for gamers and guardians. Any title that utilizes simulated gambling—where…