NSW to Create an Independent Casino Regulator After Crown Inquiry
New South Wales authorities are looking to create an Independent Casino Commission. The decision comes off the back of Patricia Bergin’s inquiry. The new regulator will have the full powers of a Royal Commission. This move to create an independent gambling regulator comes at the back of a similar move by the State of Victoria in a bid to introduce stricter regulations on the entire gambling industry.
New Independent Casino Regulator for New South Wales
The New South Wales government resolved to create an independent gambling regulator. The government said the new regulator will enjoy the powers of a Royal Commission. This regulator will source funds from the casino supervisory levy.
Commissioner Patricia Bergin was the originator of the suggestion after leading a commission of inquiry into Crown’s unsuitability to hold its license. The former Supreme Court judge tabled a final report with findings of Crown’s unsuitability to hold a license for its Sydney Casino.
The casino in question was Barangaroo Casino. Bergin’s report stated Crown resorts should consider a new start to emerge as a better and stronger organization. The report suggested this should Crown want to become a suitable license holder for its second Sydney establishment.
It also suggested Crown furnish the Authority with detailed remedies and plans of undertakings touching on independent review, governance, and accountability. Crown Barangaroo’s non-gaming facilities opened without a casino in April. Its liquor license received an extension to run until October 2021. But the gaming area remains shut.
Victor Dominello said the new regulator will take over the job of approving acquisitions. The minister for digital and consumer service also said the regulator’s job will include approving holdings or the transfer of 10% or over in casino license. It will also oversee the implementation of new licensing regulations for junkets.
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New Gambling Regulator for the State of Victoria
The plans to create an independent regulator for New South Wales come weeks after the state of Victoria announced similar plans. The Victorian Gambling and Casino Control Commission is set to replace the existing Victorian Commission for Gambling and Liquor Regulation.
The plans are set to impose tighter gambling regulations in New South Wales. That is for gambling venues and casino operators. Melissa Horne said VGCC will be stricter than the existing regulator. The minister for consumer affairs, gaming, and liquor regulation said VGCC will not let unethical practices slide.
The chair of the new gambling regulator is yet to be appointed. That means VCGLR will continue with its mandate of monitoring the casino industry until the VGCC is fully established. Deborah Cope weighed in on the matter as well. The regulatory and public policy reform professional said the new body will feature a division-specific to casino services regulation. Cope also said the body will employ staff with experience in the field.
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