Australia is facing increasing pressure to implement safer gambling standards, prompting the federal government to introduce new regulations aimed at protecting players. The regulations will impact various areas of sportsbook operations, including retail betting and payments.
In response to a report by the Victoria Gambling and Casino Control Commission (VGCCC) highlighting the rise in gambling incidents involving minors, Tabcorp, Victoria’s exclusive betting license holder, has been asked to introduce cashless retail betting on 70% of its terminals. This move aims to prevent potential underage betting scenarios, with approximately 1,800 electronic betting terminals set to become cashless later this month. To use these terminals, visitors will need to obtain a voucher from the betting venue’s counter and undergo an ID verification procedure if they appear to be younger than 25.
Responsible Wagering Australia (RWA), a trade body representing high-profile Australian license holders, including names like bet365, Sportsbet, Pointsbet, Betfair, Unibet, and Entain, has emphasized the importance of meeting responsible gambling standards across the industry as a whole. RWA’s chief executive officer, Kai Cantwell, stated that it is “absolutely unacceptable” for any underage Australian to be able to gamble. He also highlighted the role of online betting suppliers in performing age and identity verifications on all customers to mitigate money laundering and terrorism financing risks.
The federal government is currently in the process of implementing 31 recommendations from a parliamentary inquiry into gambling. Additionally, the Public Accounts and Estimates Committee in Victoria has requested restrictions on TV gambling ads as part of a wider report on gambling and liquor regulations in the state.
Overall, the Australian government is taking steps to enforce safer gambling standards and protect players, with a focus on preventing underage gambling and enhancing identity verification procedures. These efforts are part of a broader campaign to ensure responsible gambling practices across the country.