Connect with us

Australia

Victoria: Landmark Reforms to Reduce Gambling Related Harm

Published

on

victoria:-landmark-reforms-to-reduce-gambling-related-harm
Reading Time: 2 minutes

 

The Andrews Labor Government is introducing sweeping new reforms to protect Victorians from gambling harm – making the state’s gambling harm protections the strongest in Australia.

Premier Daniel Andrews and Minister for Casino, Gaming and Liquor Regulation Melissa Horne announced new reforms to reduce gambling harm at venues with electronic gaming machines (EGMs) across the state.

An estimated 330,000 Victorians experience harm as a result of gambling each year – costing Victoria around $7 billion annually and leading to significant financial distress, mental health concerns and relationship issues.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

All EGMs in Victoria will require mandatory pre-commitment limits and carded play, putting the power back into the hands of patrons while also ensuring that money is tracked – stopping money laundering through our gaming venues.

Load up limits – how much money an individual can put into an EGM at a time – will be capped at $100, down from the current limit of $1000, helping people make informed decisions about their spending, change their behaviour and reduce the amount that can be lost.

Mandatory pre-commitment, carded play and load up limits will be introduced subject to thorough consultation with industry through an implementation working group – taking into account trials in other jurisdictions and the experience at Crown Melbourne, which will have mandated pre-commitment and carded play on all EGMs by the end of 2023.

By mid-2024, mandatory closure periods will be enforced for all gaming machine areas in a venue, except the casino, between 4 am and 10 am. This will address evidence showing some venues are implementing staggered opening hours to allow users to move between venues in one area to continue gambling.

The Government will also make it mandatory for all new EGMs to spin at a rate of three seconds per game, slowing the pace of the game down and limiting the amount that can be lost.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

These combined reforms will keep pace with emerging technologies gaming machines are using, produce safer gambling environments and help patrons to take a break.

These reforms extend changes the Government introduced after the findings of the Royal Commission to other gaming venues across the state, building on nation-leading protections introduced at Crown and the establishment of the nation’s strongest regulator – the Victorian Gambling and Casino Control Commission (VGCCC).

This year’s Budget includes $71 million for the VGCCC to take on a larger role in gambling harm minimisation, taking over most of the functions of the Victorian Responsible Gambling Foundation from 1 July 2024.

Anyone affected by their own or someone else’s gambling can call Gambler’s Help 24/7 on 1800 858 858 to access confidential and free advice, support and referral.

Premier Daniel Andrews said: “These reforms will provide the strongest gambling harm preventions and anti-money laundering measures in Australia – we owe it to all Victorians to take this stance and help those experiencing harm turn their lives around.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“I look forward to the implementation working group’s input and effort.”

Melissa Horne, Minister for Casino, Gaming and Liquor Regulation, said: “Everyone loses when it comes to gambling harm, and it’s not confined to money – people lose their relationships, their jobs and their wellbeing.

“Our previous reforms have delivered stronger oversight of the gambling industry in Victoria with a regulator unafraid to hold venues to account – now we’re doing more important work to reduce gambling-related harm.”

Australia

WATERHOUSE VC SECURES OPTION IN MAINCARD, THE “SHOPIFY OF ONLINE BETTING”

Published

on

waterhouse-vc-secures-option-in-maincard,-the-“shopify-of-online-betting”
Reading Time: < 1 minute

 

Waterhouse VC, an investment fund specialising in the technology layer of the global gambling industry, has secured an option in Maincard, a “Shopify of Online Betting” platform targeting the launch of fully customisable licensed online betting sites in under 30 minutes.

Maincard targets the $1 trillion iGaming market by replacing months of development work, cumbersome licensing and complex integrations with a subscription-style workflow. Crypto-native founders, influencers and digital communities can spin up branded betting sites, monetise their audiences and retain full upside ownership from day one.

“iGaming still suffers from high startup costs and significant technical and regulatory friction,” said Tom Waterhouse, Chief Investment Officer of Waterhouse VC. “We’re seeing strong potential in platforms that can streamline development, similar to how Shopify revolutionised e-commerce. The sector is ripe for innovation that allows new entrants to focus on player acquisition and retention rather than backend development.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“Waterhouse VC’s deep domain knowledge and network will accelerate our go-to-market,” said Valerii Makovetskii, Founder and CEO of Maincard. “We’ve developed strong technical foundations with our crypto-friendly payments gateway already powering third-party casinos. The next step is to make launching a betting site as easy as launching an online storefront.”

The investment aligns with Waterhouse VC’s approach of identifying promising B2B technology companies serving the wagering industry and negotiating options to acquire stakes in these businesses.

Maincard platform vision:

  •     Launch in <30 minutes — drag-and-drop, no code required
  •     End-to-end compliance — licensing, KYC/AML, fraud, payments, customer support and marketing handled by Maincard
  •     15,000+ casino games & 1,000+ sportsbook markets out of the box

Maincard is currently raising USD $3M to scale its sales team and launch multiple brands from the waiting list by the end of Q3 2025.

The post WATERHOUSE VC SECURES OPTION IN MAINCARD, THE “SHOPIFY OF ONLINE BETTING” appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Australia

Martin Pakula Named Chair of Crown Melbourne

Published

on

martin-pakula-named-chair-of-crown-melbourne
Reading Time: < 1 minute

 

Crown Resorts has announced that The Hon. Martin Pakula will join the Board of Crown Melbourne, effective May 1, 2025, and will succeed Mr. Ian Silk, as Chair, from July 1, 2025.

As Chair, Mr. Silk has successfully led Crown Melbourne through a period of unprecedented remediation and transformation during the past two and a half years. Mr. Silk’s strong leadership through the organisation’s operational and cultural transformation, saw Crown Melbourne regain its licence from the Victorian Gambling and Casino Control Commission. To ensure a seamless transition Mr Silk will remain in his role until 1 July 2025.

As incoming Chair, Mr. Pakula brings a wealth of experience to the position, having previously served as Attorney-General, and Minister for Tourism, Sport, and Major Events in the Victorian government. He currently serves as Chair of the Australian Grand Prix Corporation.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Crown Resorts CEO, Mr. David Tsai, said: “Martin’s appointment comes at an exciting time as Crown continues to focus on innovation and growth. I look forward to Crown benefiting from Martin’s extensive industry and leadership experience. I would like to express my sincere thanks to Ian for his exceptional leadership and the pivotal role he played in overseeing Crown Melbourne’s extensive transformation.”

Mr. Silk said: “It has been an honour to serve as Chair. I am extremely proud of what we have achieved over the past two and a half years, and I want to thank everyone at Crown Melbourne for their dedication and hard work. I’m confident Crown Melbourne will continue to thrive with Martin’s leadership.”

Mr. Pakula said: “I am delighted to accept the role of Chair at Crown Melbourne and to play a role in its exciting future. Crown is an iconic business that is a critical part of Victoria’s economy, tourism and entertainment industry.”

The post Martin Pakula Named Chair of Crown Melbourne appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Australia

TheLotter Australia: Exciting Changes to the US Mega Millions

Published

on

thelotter-australia:-exciting-changes-to-the-us-mega-millions
Reading Time: 2 minutes

 

Big changes have arrived at the US Mega Millions lottery! From April 8, 2025, better jackpot odds, higher minimum prizes, an improved, built-in multiplier, and a modified Mega Number pool are available – making the game better than ever. To make these great changes possible, ticket prices increased from US$2 to US$5.

The revamped version of this lottery will feature a built-in Multiplier – 2x, 3x, 4x, 5x, or even 10x. The Multiplier will boost non-jackpot winnings based on the number drawn before the draw at no extra cost! As a result, the second-prize winnings could reach an incredible US$10 million. If the Multiplier concept sounds familiar, it’s because, before these changes, players had to pay extra to opt in for the Megaplier; however, the new Multiplier boosts winnings automatically! Moreover, the adaptation to the Mega Numbers pool will streamline the Mega Ball matrix and help form winning matches by reducing the amount of the total number from 25 to 24.

At TheLotter Australia, customers can purchase entries to US MegaLuck, where their selections are matched with an official lottery ticket in the corresponding US Mega Millions draw from licenced US Mega Millions retailers. Since US MegaLuck mirrors the original draw, the changes in April 2025 will apply to it as well.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“It’s exciting to see Mega Millions evolving with major changes that make this popular draw even more appealing to both new and seasoned players. I’m thrilled that customers in Australia can enjoy the revamped game seamlessly through TheLotter Australia’s website and app. And when they win, the customers receive their full prize amount, before taxes are deducted,” said Piers Morgan, Director at TheLotter Australia.

Australians passionate about American lotteries can also join the US MegaLuck draw easily and securely at TheLotter Australia. When a customer wins, TheLotter Australia notifies them promptly. Small prizes are deposited directly into the customers’ accounts, while TheLotter Australia assists with claiming larger prizes.

The post TheLotter Australia: Exciting Changes to the US Mega Millions appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania