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Former Australian Crime Intelligence Head Issues Warning Against Over-Regulation, Excessive Taxation of Gambling Industry
The former head of the Australian Criminal Intelligence Commission (ACIC), Michael Phelan, has raised concerns about the over-regulation and high taxation of Australia’s gambling industry. Speaking at the Regulating the Game conference in Sydney, Phelan warned that excessive measures could push players towards illegal operators, undermining law enforcement efforts and fostering organised crime.
Key Points
- Phelan highlighted the risk of players turning to illicit gambling markets due to excessive regulation and taxation.
- He drew parallels to the tobacco industry, where heavy taxation led to a rise in illegal products and activities.
- Effective law enforcement depends on having visibility of the gambling sector to combat organised crime.
- Greater collaboration between government regulators, operators, and law enforcement is essential for a viable gambling market.
- Recent regulatory costs have adversely affected major operators like Star Entertainment Group, which faces significant financial challenges.
Why Should I Read This?
This article is crucial for understanding the delicate balance needed in regulating the gambling sector in Australia. As authorities seek to protect consumers and ensure fair play, there is a growing need to consider the implications of stringent regulations that could inadvertently aid illegal operations. The insights provided by Phelan may influence future policies and strategies within the gambling industry.
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