Australian video game giant Tabcorp announced a commitment to ending prime time gambling advertising at the Sydney Gambling Law and Regulation Conference Regulate the game. Leaders and practitioners specializing in areas such as financial crime and safer gambling have come together for a series of presentations and panel discussions to examine issues facing the industry, including that of advertising excessive.
Adam Rytenskild, CEO and Managing Director of Tabcorpgave the second keynote address for the conference stating that there was a line in the sand for gambling advertising in Australia, and that the community “will not tolerate the direction gambling advertising is taking. Paris”.
“We believe there is too much gambling advertising and people should be able to watch live sports without being inundated with gambling ads,” he said. call for a halt to these types of advertisements on free-to-air television between 6:30 a.m. and 8:30 p.m. as a sensible measure to reduce the impact of gambling harms.
Tabcorp will voluntarily stop advertising during this period even though it is not recommended by the Federal Government’s Inquiry into Online Gambling and its Impacts on Those Who Experience Gambling-Related Harms.
Other Conference Highlights
Tahli Blicblau, Director of Strategic Intelligence and Capabilities at the NSW Crime Commissionpresented on Tuesday his experience leading the multi-disciplinary team that delivered the NSW Crime Commission’s report into money laundering through electronic machines in NSW.
She said that prior to the NSW Crime Commission investigation, law enforcement were unaware of the nature and extent of money laundering in NSW pubs and clubs. Blicblau also added that the report was a watershed moment for the industry and venues are now on notice and must ensure that they are proactive in the face of money laundering risks.
In the meantime, Crispin Yuen, director at Custos Advisorywhich focuses on financial crime, provided some overview of how the industry can reduce the risk of further violations. “Cashless gaming can reduce the risk of money laundering; however, we may need to consider other risks such as the use of identity packs using stolen or borrowed identities from known and unknown actors,” Yuen said.
“advice and senior management will need a better understanding of the financial crime threat landscape. Setting the tone from the top – demonstrating the will to do the right thing in the organization and defining the organizational culture,” added the expert.
The event will now focus on innovation in regulatory practice including AI applications advancing safer gaming and disruptive technologies such as cryptocurrency.
Ian Hughes of Gaming Laboratories International will discuss disruptive technologies and Amardeep Thandi from Chainalysis will talk about policy and compliance issues when integrating cryptocurrency and gambling.
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