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Australia Set for Video Poker Reform

Video poker machines are hugely popular in Australia with machines found in pubs, clubs and other venues throughout the country.

Gillard’s Labour party recently set forth a proposal for reform after making an agreement with the Green party.

The current government made an agreement regarding restrictions with an independent member over the machines in order to get elected, however, the issue has been moved around so much that it is now affecting the stability of the Gillard administration.

Gillard’s Labour party recently set forth a proposal for reform after making an agreement with the Green party.

The proposed changes are essentially the same as those previously put forth, however, Independent Member of Parliament Andrew Wilkie does not like them and is calling for more stringent rules.

The proposals were met with backlash from club and pup owners so they were given until the end of next year to implement the pre-commitment technology.

The change lets the player voluntarily set a betting limit. Wilkie wanted a $1 limit; however, he was forced to back down from this idea.

Machines will also warn players about the dangers of gambling too much and ATMs in clubs will have a withdrawal limit of $250 per day. Wilkie was somewhat placated by government plans to establish a fund for a national gambling institute.

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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