The leader of Australia's most populous state on Monday unveiled a plan to make all poker machines cashless within five years to fight money laundering and problem gambling, setting up a political battle ahead of a state election next month.
New South Wales Premier Dominic Perrottet said his government would make every poker machine cashless by 2028 and offer interest-free loans for pubs and clubs to buy new cashless gambling machines that would only allow players to bet from a bank account.
The NSW poker machine industry has amassed the most "pokies", as they are called in Australia, of any jurisdiction outside Nevada and the state's powerful pubs and clubs lobby has significant influence over political leaders. Perrottet said his proposal "solves problem gambling, solves money laundering, protects jobs and industries". He said he had been uncomfortable in his previous role as state treasurer "profiting off other people's misery" by collecting poker machine taxes.
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