{"id":31058,"date":"2022-06-23T02:35:42","date_gmt":"2022-06-23T05:35:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31058"},"modified":"2026-04-23T07:32:11","modified_gmt":"2026-04-23T10:32:11","slug":"nsw-to-establish-new-independent-casino-regulator","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nsw-to-establish-new-independent-casino-regulator","title":{"rendered":"NSW to establish new independent casino regulator"},"content":{"rendered":"\n<p>Kevin Anderson, minister for hospitality and racing, has announced that the government of New South Wales will create the NSW Independent Casino Commission (NICC).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0<strong>The New South Wales Government<\/strong>\u00a0continues to work on reforms following the state&#8217;s inquiry into Crown Resorts. It&#8217;s now announced the creation of a new independent casino regulator, the <strong>NSW Independent Casino Commission (NICC)<\/strong>.<\/p>\n\n\n\n<p><strong>Kevin Anderson<\/strong>, minister for hospitality and racing, revealed that the government will introduce a suite of new measures intended to deliver on the 19 recommendations of the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ilga-crown-resorts-unsuitable-to-operate-barangaroo-casino\" target=\"_blank\">Bergin Inquiry<\/a>. He said the<strong> NSW Independent Casino Commission (NICC)\u00a0<\/strong>will have enhanced and wide-ranging compliance and enforcement powers.\u00a0<\/p>\n\n\n\n<p>Anderson said the new regulator will be led by a dedicated chief commissioner, who will be supported by up to four additional commissioners, including at least one with specialist anti-money laundering expertise.<\/p>\n\n\n\n<p>The NSW Government will also introduce a series of regulatory measures which directly address recommendations of the Bergin Inquiry, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A ban on casinos dealing with junket operators;<\/li><li>An independent monitor and auditor for every casino licence holder appointed by the NICC;<\/li><li>A requirement for casino licence holders to submit suspicious activity reports to both AUSTRAC and the NICC;<\/li><li>Strict new requirements for casino operators to monitor patron accounts for criminal activity and perform due diligence on customers, including identifying the source of player funds before they can gamble.<\/li><\/ul>\n\n\n\n<p>Anderson added: &#8220;These reforms will ensure the people of NSW have confidence that casino operations are free from criminal influence. We are rebuilding the regulatory framework for casinos in NSW from the ground up with stringent new controls to prevent money laundering and other criminal activity.&#8221;<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/new-south-wales-revises-two-key-gambling-regulations\" rel=\"noreferrer noopener\">New South Wales revises two key gambling regulations<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">NSW raises the Point of Consumption Tax payable by betting operators<\/h2>\n\n\n\n<p>As previously reported by Focus Gaming News, the government has announced an increase in the Point of Consumption Tax (POCT) for operators New South Wales. The tax will increase from 10 per cent to 15 per cent.<\/p>\n\n\n\n<p>The POCT applies where the bet is placed, not at the location of the operator accepting the bet. This means that all those operating in NSW are required to pay the tax, regardless of where the operator is licenced.<\/p>\n\n\n\n<p>The increase was announced as part of the 2022-23 NSW Budget and will take effect from July 1. The reform is expected to boost revenue by AU$740m (US$515.6m) over the next four years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin Anderson, minister for hospitality and racing, has announced that the government of New South Wales will create the NSW Independent Casino Commission (NICC).<\/p>\n","protected":false},"author":176,"featured_media":14027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New South Wales Government is establishing the NSW Independent Casino Commission (NICC) with enhanced compliance and enforcement powers, implementing stringent new controls to prevent money laundering and criminal influence in casinos, including a ban on junket operators and stricter due diligence requirements. Concurrently, the state is increasing the Point of Consumption Tax for betting operators from 10% to 15%, effective July 1, 2022, projecting significant revenue growth.","focusai_entities":"Kevin Anderson, NSW Independent Casino Commission, Crown Resorts, AUSTRAC, New South Wales Government","focusai_location":"New South Wales, Australia","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), product_ux (0.7), tech_data (0.8), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.9)","focusai_suggestions":[{"label":"NICC operational timeline?","query":"What is the projected timeline for the NSW Independent Casino Commission (NICC) to become fully operational, and what are the immediate compliance milestones for existing licensees?"},{"label":"POCT competitive impact?","query":"How will the increased Point of Consumption Tax (POCT) in New South Wales impact the competitive landscape and profitability margins for both locally licensed and offshore betting operators targeting the NSW market?"}],"footnotes":""},"categories":[16336,156,158],"tags":[23911],"class_list":["post-31058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31058"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31058\/revisions"}],"predecessor-version":[{"id":31102,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31058\/revisions\/31102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14027"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}