To combat money laundering, this new regulation contains a cash cap of AU$1,000 (US$671.70) every 24 hours, which will be introduced by the end of next year; anyone who gambles more than that will be required to utilise casino-issued cards.
In response to the law, Greens leader Samantha Ratnam noted that Crown accounted for just 10% of Victoria's poker machines and added, "If the Victorian Labour Government was serious about reducing gambling harm, these limits would be implemented everywhere, not just at Crown." Now is the moment for the government to stand up to their gambling industry buddies and say, 'this is enough.'"
"For some people, those machines are dangerous, and our focus has always been on them and trying to provide support, a regulatory framework for that small number of Victorians for whom gambling is a very serious problem," Premier Daniel Andrews said.
"This is not to claim, as some might argue, that all gaming, wagering, and gambling are illegal forms of entertainment. That has never been my position. But you must strike the proper balance."
Finally, a Crown spokesman stated that the casino has made significant progress since the royal commission's report was released, adding, "Creating a safe and responsible gaming and entertainment environment is our number one priority, and we are committed to delivering on all of the reforms."
Following the recent troubles with Crown and The Star Entertainment, it's great to see at least some actual implications - even if they're not the most rigorous.
