Queensland money laundering laws to restrict cash gambling at casinos

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Queensland money laundering laws to restrict cash gambling at casinos
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Laws include mandatory pre-commitment requirements, gambling breaks and an enforceable casino code of conduct

Queenslanders will be banned from gambling more than a few hundred dollars in cash at the state’s casinos in a single day after money laundering legislation passed the state parliament on Wednesday.. He ruled the ASX-listed company behind a huge new casino in the Brisbane CBD had exploited a loophole to allow people banned from gambling interstate due to their alleged criminal links to gamble in Queensland, among other damning findings.

The cash limit will be set through regulation but is likely to be about $1,000, in line with Gotterson’s recommendations. Queensland’s LNP opposition said the state’s gambling industry was worth $56.5bn but the state government spent just $11.9m on harm minimisation. Gambling losses have climbed 63% since 2018-19, Tim Nicholls told parliament.

“The bipartisan support for these reforms in the Queensland parliament is indicative of the huge shift in the public mood towards the known harms caused by gambling,” he said.

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