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Canberra Amends ACT Gaming Laws

In an effort to reduce the number of pokies in the territory to a capped 4,000 licenses, the Canberra Legislative Assembly has amended the standing ACT laws and will now allow clubs to newly developed suburbs of Molonglo and Gungahlin. The current number of licenses in the territory is 5,054.

In an effort to reduce the number of pokies in the territory to a capped 4,000 licenses, the Canberra Legislative Assembly has amended the standing ACT laws and will now allow clubs to newly developed suburbs of Molonglo and Gungahlin.

The bill passed with help from the ACT Government and Opposition, while ACT Greens attested they’d make no effort to hinder these clubs’ reliance on poker machines.

The legislation in question gives new and single venue clubs access to a pool of 150 machines in the Greenfield suburbs.

It has been surmised that once the desired cap of 4,000 licenses is reached, another cap will need to be instated to account for population growth within the territory.

Sites operating 20 machines or more will have ATM withdrawal limits imposed, capping the possible withdrawal amount at A$250. Venues with fewer than 20 machines will be exempt from the requirement.

Clubs with more than one location will be allotted 10 machines to be moved from venue to venue without having to file a social impact assessment.

The new legislation comes in an effort to reduce the prevalence of gambling oriented activity in the territory, without adversely affecting the existing clubs and their sources of revenue.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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