Julian Hoskins, Principal at Senet, and former general counsel at Tabcorp, spoke to Asia Gaming Brief about the five main operational changes to the Australian gaming industry as a result of the recent royal commissions into Crown Resorts.
It comes as the firm prepares to embark on a period of transition and change off the back of the commissions.
Hoskins revealed his belief that ‘what we are going to see is much more focus on regulatory compliance’.
He added: “I don’t expect what is happening at Crown at the moment to be unique to Crown – I think it’s fair to say that this will play out in relation to licensed gaming venues and other operators, there’s no doubt about that.
“We have seen one example, which is the Star and The Crown Sydney agree to cashless gaming, and we would expect that would probably expect that would push into licensed gaming venues as well, which certainly in terms of responsible gambling and AML – being able to track behaviour and spending patterns, is where you’d expect regulatory reform to go.”
The acceleration of cashless gaming being embraced by betting firms is something that has been elevated by the pandemic, with it also being embraced by many sectors.
