Daily Asia Gaming eBrief: Australia’s NSW push for cashless hits roadbumps

Wednesday 4th of December 2024

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Good morning. Cash will always be king. And Australia’s state of New South Wales is feeling the pushback from those who feel that way. A new impetus to implement digital payment systems is getting flack, with opponents proposing a hybrid approach running into 2028. Meanwhile, in Macau, the city’s revitalization has been relegated to its gaming operators, which are trying to make use of the designated zones to create some form of entertainment, if not turning a profit.

What you need to know

New South Wales independent panel: statewide account-based gaming system should become mandatory by 2028.
Macau gaming operators-led revitalization projects bring 1.7 million visits, says the city's Secretary for Social Affairs and Culture.

On the radar

Paradise Co. sees 31.3% increase in casino revenue YoY in November.
VGCCC fines hotel in $65K for providing false information on application.
Hengqin approves five hotel projects converted from office buildings.
Philippines unlikely to achieve tourist target, with only 5M visitors in 11 months.
Former PH presidential spokesperson proclaims innocence, from Abu Dhabi.

AGB Intelligence

AUSTRALIA

Digital payment model mandatory in NSW by 2028

Australian authorities are facing a dilemma, as the country’s state of New South Wales aims to push forward mandatory digital payment systems. But the industry is pushing back, requesting a hybrid approach to keep cash in play. The trial run so far was lacklustre, causing a call for a phased approach leading up to 2028, with default spending limits and improved educational initiatives.

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