Australian Casinos Face Money Laundering Audit Amid Heightened Risk

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The Audit Office of New South Wales report focused on the harm minimisation objective of the Gaming Machines Act. The NSW Government welcomes the NSW Auditor General’s Performance Audit into regulation of gaming machines under the Gaming Machines Act 2001, with both relevant Government agencies accepting its recommendations. “Although they may be smaller than entities such as Crown Resorts and The Star, like all gambling venues, The Ville and Mindil Beach face heightened risk of exploitation by criminals,” Thomas said. He emphasized that money laundering hurts the Australian economy and therefore needs to be stamped out.
In its official announcement, the AUSTRAC said that it has instructed The Ville Resort-Casino in Townsville and Mindil Beach Casino Resort in Darwin to appoint external auditors in the wake of findings, which suggested potential AML and CTF deficiencies. The businesses must also show that they are “appropriately monitoring customers” to detect and mitigate potential money laundering or terrorist financing risks. Mindil Beach Casino Resort, on the other hand, runs over 600 poker machines and provides a variety of gaming table experiences across both mass-market and VIP segments, along with NT Keno. “Although they may be smaller than entities such as Crown Resorts and The Star, like all gambling venues, The Ville and Mindil Beach face heightened risk of exploitation by criminals,” Thomas stated in a public release.
Ongoing net operating losses and fiscal cash deficits pose significant risks to the state’s long-term financial sustainability. These persistent deficits highlight the state's reliance on debt to fund its capital infrastructure program. The GGS maintained its fiscal cash deficit this year, a trend since 2016–17 that is expected to continue, further weakening the state's financial resilience.

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