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Charlotte Wilson: Key Takeaways from Regulating The Game In Sydney

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The action-packed event, which took place from March 7th to March 11th, was a huge success. The event included multiple partners and key industry players who provided invaluable insights for the gambling regulation. 

The collaboration between the International Center for Gaming Law (ICGR) and the prestigious Senet body—gambling Australia’s law, regulatory, and compliance body—set the precedent and provided training on cutting-edge gambling regulatory frameworks suited to the dynamic modern gambling landscape. 

Australia-Casino journalist Charlotte Wilson closely followed the Sydney event and identified a wide range of gambling regulation issues raised by different experts. According to Charlotte, the training provided a concise road map for improving the gaming environment in order to ensure guaranteed safety and long-term gambling practices that adhere to national and international legal frameworks. Below is a summary of the event’s proceedings as recorded by Charlotte Wilson.

“Regulating The Game” Intensive Training Program

According to the event organizers, the main goal of the event was to provide intensive training. The mission is to significantly improve key players’ sector knowledge, organizational capabilities in the Australian gambling market, and generate discourse for best practices in the current regulatory framework. The hope is to foster progressive thinking to secure the future of the rapidly growing industry.

The five-day event, in particular, challenged the existing status quo in the local gambling industry. Contesting the current operational models used by the majority of providers from an outsider’s perspective. The initiative “Regulating The Game” was a call to action for the sector’s leadership. Instigating such players to be more curious, contest existing ideas, collectively share insights on best ways to overcome the challenges posed by public policy, and also create a new culture. One that strives to continuously improve the gambling environment in Australia.

Senet’s Overview of Australia’s Gambling Industry

Money laundering and other criminal activities in the local gambling market, according to Paul Newson, a Senet gambling regulations specialist in Australia, take advantage of existing regulatory loopholes. Paul Newson stated that Senet is at the forefront of dealing with compliance issues among local providers. He urged all industry players to be proactive in responding to regulatory deficiencies in order to build a more resilient sector.

“All stakeholders must be proactive and play an active role in the public square,” Paul said during the five-day conference. Their input must be supplemented by taking into account the views of other stakeholders. It is the most effective strategy for influencing public policy in favor of an all-encompassing and equitable regulatory framework that is tailored to current security threats undermining the gambling industry.”

Ways Attendees Will Benefit From the Program

The expert content presented in the “Regulating The Game” training, as well as the networking platform that encouraged debate among key sector players, piqued the participants’ interest. The event’s general atmosphere broke down barriers among Australia’s gambling providers, resulting in candid discussions about sector issues, prospective opportunities, and potential risk factors.

Not all attendees in the integrated environment understood or applied regulatory principles to leverage advantages such as formulating tried and tested public policies, capitalizing on emerging trends in the global gambling industry, or implementing intelligent risk-based policies to protect their entities from fraudsters.

The partnership between International Center for Gaming Law (ICGR) and Australia 

The International Center for Gaming Regulation, University of Nevada, Las Vegas (ICGR) collaborated seamlessly with Australian gambling industry leaders. The five-day event brought together experts in research, law, intelligence, public policy, investigations, and regulation, making it a one-of-a-kind and well-rounded gathering. Such is not typical in the Australian market.

ACMA, which enforces Australia’s Interactive Gambling Act, AUSTRAC, the official financial intelligence unit in Australia’s gambling niche, and the AML/CTF regulator were among the key figures in the event. Bringing such actors together is difficult, but the event achieved an impeccable balance that evoked a collaborative effort between these bodies. The various representatives discussed emerging risks in the gambling industry, their personal priorities, and their position on the current regulatory framework.

Key Resolutions from “Regulating The Game” Training

The main takeaways from the historic event include the established opportunity for gambling operators and regulators to form a long-term relationship that could shape a prosperous future for Australia’s industry. The collaboration of Australian gambling regulation specialists and international regulators provided a road map for local providers to national and international expansion. In addition, the local market resolved to engage in healthy and productive competition through networking channels that inform compliance and regulatory policy.

Recap

Australia’s gambling market is unlike any other in the world, and it has enormous growth potential. The Queensland government valued the market at more than $225 billion in 2019. This figure skyrocketed due to an increase in online gamblers during the 2020 and 2021 pandemic, and the resulting containment measures. Initiatives such as “Regulating The Game” help to consolidate the Australian market and ensure a unified regulatory front in the industry’s expansion efforts.

Charlotte Wilson has been an iGaming journalist for Australia-Casino since 2019. Contact information: [email protected]

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Australia

Newcastle Hotel Fined for Gaming Machine Offences

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Newcastle hotel out of pocket $7,540 for gaming machine offences

A Newcastle hotel has been fined $7,540 after being convicted of operating gaming machines outside authorised hours.

The licensee of the Royal Inn Hotel at Waratah pleaded guilty to 13 offences under the Gaming Machines Act 2001 in Downing Centre Local Court on March 11 following an investigation by Liquor & Gaming NSW.

Executive Director of Regulatory Operations, Jane Lin, said these were serious breaches of the state’s gaming laws.

“These restrictions are in place to reduce the risks of gambling harm by limiting the time patrons can spend playing gaming machines,” Lin said. “Apart from breaking the law, the Royal Inn Hotel placed its patrons at greater risk of gambling harm. As this case shows, venues that fail to abide by gaming machine trading hours can expect to be caught and face significant penalties.”

Liquor & Gaming NSW reviewed the hotel’s gaming activity and found that on Saturday, April 15, 22 and 29, 2023, gaming machines were operated during the shutdown period from 1am to 7am. The hotel submitted to the court that the breaches were a genuine misunderstanding of the licence conditions by the approved manager.

In sentencing, the magistrate noted the onus was on the licensee to ensure staff were appropriately trained and that a message had to be sent to those venues, which had the highly profitable right of operating gaming machines in New South Wales.

For free, confidential advice and support, call GambleAware on 1800 858 858 24/7 or visit www. GambleAware.nsw. gov. au.

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Australia

AUSTRAC Commences Investigation into Online Betting Company Bet365

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AUSTRAC has commenced an enforcement investigation into Hillside (Australia New Media) Pty Limited (bet365).

The investigation will focus on whether bet365 has complied with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and follows a supervisory campaign of entities within the corporate bookmaker sector and AUSTRAC’s consideration of the external audit report received following AUSTRAC’s order to bet365 to appoint an external auditor.

AUSTRAC CEO Brendan Thomas, said betting agencies, like all regulated entities, have a significant role to play in combating financial crime.

“Corporate bookmakers must have robust systems in place to ensure they can manage and mitigate risks associated with money laundering and terrorism financing,” Mr Thomas said.

“Businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals.”

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Australia

Aristocrat Appoints Matthew Primmer as Chief Product Officer

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Aristocrat Leisure Ltd announced the appointment of Mr Matthew (Matt) Primmer to the position of Chief Product Officer, reporting directly to Aristocrat CEO & Managing Director Trevor Croker. Mr Primmer’s appointment is effective immediately. He will join Aristocrat’s Executive Steering Committee, and remain based at the company’s offices in Las Vegas, Nevada.

Mr Primmer comes to the role with over 20 years’ experience in the global gaming industry, including ten years at Aristocrat in a range of senior product strategy, insights and leadership roles in Australia and the US. Mr Primmer has been Chief Product Officer at Aristocrat Gaming for four years, leading Design & Development (D&D) in Aristocrat’s largest operating business, with casino game content and hardware comprising its most strategically important portfolios. Mr Primmer previously held marketing and sales roles at Ainsworth Game Technology and Shuffle Master. Mr Primmer holds a Bachelor of Commerce from the University of Wollongong.

“I am delighted to elevate a global gaming executive of Matt’s calibre to our leadership team. Over the past decade, Matt has made a strong contribution to building and extending Aristocrat Gaming’s global product leadership, fostering our outstanding creative and technical talent, championing D&D and placing customer needs at the centre of our product strategy,” Mr Croker said.

“Matt’s appointment brings additional, proven gaming experience to the executive team. In his new role, Matt will help us maintain an enterprise view of product strategy as our business grows to encompass a broader range of product verticals, while also ensuring the most effective allocation of D&D investment” Croker added.

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