NSW Delays Reduction of Daily Casino Cash Limits to 1,000 AUD

NSW Pauses Plan to Reduce Daily Cashback Limit

The New South Wales government has decided to postpone its plan to lower the daily cash withdrawal limit in casinos from 5,000 AUD to 1,000 AUD. Initially aimed at enhancing consumer protection, this proposal has faced considerable debate among industry stakeholders.

Implementation Delayed by Two Years

The original schedule set the new cash limit to take effect on August 19, 2025. However, the government has now announced that this reform will be delayed until August 19, 2027. This decision follows a formal request made by Star Entertainment, one of the major casino operators in the state, to defer the introduction of the reduced cash limit.

Industry Concerns and Regulatory Pressures

Licensed casino operators argue that the lowered limit would impose significant challenges on their businesses. Conversely, advocates for gambling regulation emphasize the potential harms stemming from unrestricted spending. Star Entertainment and its competitor Crown Resorts have recently faced intense scrutiny after revelations of non-compliance with anti-money laundering regulations. Both companies were found to have allowed unauthorized persons to gamble, resulting in financial penalties, investigations, and questions about their future operating licenses.

Financial and Ownership Implications

The regulatory actions have compelled both Star Entertainment and Crown Resorts to seek foreign investment, with international investors acquiring substantial stakes or ownership in these companies. This influx of foreign capital has attracted further examination from authorities.

Government Statement on the Delay

According to a government spokesperson, the delay in implementing the cash limit reduction considers multiple factors: the effectiveness of other measures addressing financial crime and the concerns of casino operators regarding possible impacts on employment. The transitional arrangement will continue for an additional two years to accommodate these issues.

Compliance and Operational Adjustments

A key factor behind the postponement is the time required for Star Entertainment to update its gaming machines and fully meet compliance standards. While the company might be reluctant to limit how much patrons can gamble each day, the priority remains avoiding another breach of regulations.