The *Canberra Times* publication states that the quantity of gaming terminals within the Australian Capital Territory (ACT) is progressively diminishing. Nevertheless, the ACT administration stresses that attaining its objective necessitates a cautious strategy.
As a component of a shared governance agreement with the Green Party, the Labor administration intends to decrease the number of slot machines in Canberra’s social establishments to 3,500 by 2024. Presently, there are 3,611 electronic gaming devices operational in Canberra, although the authorized number is greater at 3,863.
The COVID-19 outbreak and its accompanying closures considerably affected these establishments, disrupting vital income sources. This implies the government might need to modify its approach for reducing the number of gaming terminals.
Gaming Minister Shane Rattenbury recognizes that a meticulous policy approach will be essential over the coming years to reach the 3,500 machine target. The government is also investigating possibilities for some establishments to completely cease operating gaming machines.
“Undoubtedly, COVID has had a financial effect on clubs, as they belong to the hospitality industry, one of the most severely impacted sectors during the pandemic,” Rattenbury stated.
“So clubs have done a commendable job navigating COVID, but it has left its mark, and I believe that’s something the government must consider as we contemplate these transitional measures.”
These developments coincide with the ACT government’s preparation for the next phase of financing for its diversification fund, intended to assist clubs in lessening their dependence on gaming machine earnings.
This financial resource, established in 2019, receives contributions from organizations, each contributing $20 AUD (approximately $14 USD) monthly per gaming machine, with a maximum of 99 machines. These organizations can then utilize this resource for initiatives that assist them in diversifying and reducing their dependence on gaming machines as a revenue stream.