$200-a-day ATM limit at gambling venues - Friday 14th of October 2005

SOUTH Australia will lead the nation in developing a code of practice for financial institutions to limit ATM cash withdrawals to $200 a day at gaming venues.

Gambling Minister Michael Wright said yesterdays ministerial council on gambling in Melbourne had agreed to make SA the lead in developing the scheme.

Withdrawals from cash machines in gaming venues are limited to $200 a transaction in SA, but problem gamblers can make multiple transactions.

Mr Wright said SA had unproclaimed legislation to limit withdrawals to $200 a day, but that had been hampered because the banking sector wanted a national approach.

Mr Wright was disappointed the Federal Government had refused to agree to legislate to limit daily cash withdrawals, but the code of practice was a positive step.

He said the code would have "real teeth", including penalties for breaches.

"Its time the banks took some responsibility on this issue," Mr Wright said.

He said stakeholders, including banking representatives, would be consulted. A draft code would be presented at the next ministerial gambling council meeting in mid-2006.

Australian Bankers Association chief executive David Bell said banks would co-operate in developing the code, but stressed they were "small players" because "the majority" of ATMs in gaming venues were operated by independent providers.

Other news from around the same time

Costello hits out at States gambling revenue dependence - Friday 14th of October 2005

The State Gambling Ministers and the Federal Community Services Minister, Kay Patterson, today agree....


Mayor moves to heal New Orleans lifeblood industry - Friday 14th of October 2005

Mayor Ray Nagin called Friday for a major expansion of casino gambling in hurricane-hit New Orleans ....


Gala buys Coral to form 4 bln stg gaming group - Friday 14th of October 2005

Gala said on Friday it was buying Coral Eurobet for 2.18 billion pounds in a deal that would merge G....


Tsuu Tina casino approved - Thursday 13th of October 2005

The Tsuu Tina First Nation has approval for its casino. The Alberta Gaming and Liquor Commission is ....


Funded by online casinos, alliance wants to protect against Internet poker ban - Wednesday 12th of October 2005

One of the most valuable poker skills is the ability to successfully bluff your opponents.And thats ....


New Yorks appellate court followed a precedent set by the states top court. Two years ago, the Court of Appeals invalidated the St. Regis Mohawks casino because the legislature also did not approve th - Wednesday 12th of October 2005

Irelands largest bookmaker, Paddy Power PLC, withdrew a billboard campaign Wednesday that portrayed....


NY court invalidates Oneidas Turning Stone casino - Wednesday 12th of October 2005

A New York State Appellate Court has upheld a lower courts ruling invalidating the Oneida Indian tri....


Gas prices could hurt Las Vegas - Wednesday 12th of October 2005

This gambling mecca could lose millions of tourists if gasoline prices get stuck above $3 a gallon i....


Gulf Coast casinos get second chance - Wednesday 12th of October 2005

LOS ANGELES (Reuters) - Hurricane Katrinas destruction of the Mississippi Gulf Coast may lead to a b....


Pokies money missing - Wednesday 12th of October 2005

MANAGERS at two RSL pokies venues have allegedly stolen almost $200,000 to feed their gambling addic....