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The Australian casino gaming industry is moving forward with the use of digital wallets and mobile payments.

December 8, 2022 | Published by |

The Australian casino gaming industry is moving forward with the use of digital wallets and mobile payments

In order to promote responsible gaming, it is important for casinos to get to know their customers better. This includes not only providing easier ways for customers to manage their funds and streamlined payment options, but also making sure that gaming is identifiable and traceable.

Companies like Aristocrat, Tabcorp, and Ainsworth have already begun implementing mobile payment systems for customers to use on their gaming machines. This cashless system makes it more convenient for customers to manage their finances online, without any need for physical cards or cash. Furthermore, it eliminates middleman fees associated with traditional transactions.

There are more-than 86,000 electronic gaming machines, through which A$95 billion ($61 billion) flowed last financial year, are one of the last havens for criminals to funnel dirty cash, says the New South Wales Crime Commission (Source: Bloomberg). A lack of data means it’s impossible to know the scale of the activity, though it amounts to “many billions of dollars every year,” it said.

Australians rack up some of the world’s biggest gambling losses per-capita. About 75% of the world’s gambling machines outside casinos are in Australia, according to the Sydney Morning Herald.

The Australian government is taking steps and pushing casinos to go cashless to ensure responsible, secure, and fair gambling. This will also help protect players from fraud and make it easier for players to find reputable casinos. Overall, the Australian casino gaming industry is making great strides in terms of technology and safety. The use of digital wallets and mobile payments are making the process of transferring funds easier for customers, while the use of digital currencies is providing players with more options when it comes to making deposits and withdrawals. Earlier this year, in the last week of October, the NSW Crime commission outlined recommendations to crack down on significant criminal gaming activity in pubs and clubs. The government also remains committed to ensuring that the industry is secure and fair, so players can feel confident about playing at Australian casinos. With all these advancements in place, it’s no surprise that the Australian casino gaming industry continues to grow and thrive.

The Australian government has also taken steps to protect problem gamblers from falling into debt or other difficulties. Players can now set their own spending limits and can even exclude themselves from certain gambling activities. These measures help ensure that players stay in control of their own spending, while still enjoying the thrills of playing at casinos.

Overall, the Australian casino gaming industry is well-positioned to continue its growth in the years ahead. With new technology and safety measures being implemented, more players are finding the experience of playing at Australian casinos to be enjoyable and secure. The surge in the use of digital currencies is also making it easier for players to find reputable casinos that offer a wide variety of payment options. With all these factors in place, there’s no doubt that the Australian casino gaming industry will continue to grow and thrive in the future.

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