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Passengers at Crown Casino Melbourne will be forced to pre-commit to losses and time spent on poker machines as part of reforms introduced following the royal commission’s damning findings. Key points: The Victorian government has introduced a law requiring people to set a limit on their pokie losses at Crown Melbourne One advocate says the measure should apply to all state pokie venues Another set of actions aimed at combating money laundering The 12 actions are the latest in 33 recommendations from the Royal Commission to Casino Operators and Licensing, which found an “alarming catalog of errors” at Victoria’s only casino. Melbourne Casino — Victoria’s largest single-site company — has been able to maintain its license as long as it meets a number of requirements, including implementing reforms. US company Blackstone recently completed a takeover of Crown’s $8.9 billion operations in Melbourne, Perth and Sydney. Under a law introduced in Victoria to...

The Australian Communications and Media Authority (ACMA) has rolled out new rules to protect Australians from text message fraud. Key points: Australians lose more than $2 billion to fraud in 2021 Telecom providers could face fines of up to $250,000 if they fail to comply The frequency of fraudulent SMS increased sharply after crackdown on scam callers Starting today, cellular providers will be required to identify, track, and block text message fraud, share information about fraudulent messages with other providers, and report fraud to authorities. According to the Australian Competition and Consumer Commission (ACCC), Australians lost more than $2 billion to fraud in the last year, with about $10 million lost via text messages. Data from Scamwatch shows more than 67,000 text message frauds were reported during 2021. Federal Communications Secretary Michelle Rowland said the new rules would disrupt the scammers’ business model. “Most Australians have received a fraudulent t...