Recent reforms to State gambling regulations will see the Adelaide Casino being able to participate in its first gaming machine trading round in coming months.
Liquor and Gambling Commissioner, Paul White, today announced that South Australia’s fifth round of the gaming machine entitlement trading will be held in April.
“This trading round, the fifth round since the new trading system commenced, will see the Adelaide Casino introduced into the scheme,” the Commissioner said.
“In conjunction with the expansion of the Adelaide Casino facility, the maximum number of gaming machines that can be operated at the Casino will increase from 995 machines to 1500.
“To operate these additional gaming machines, the Casino will need to purchase additional gaming machine entitlements through the approved trading system.
“The gaming machine entitlement trading scheme is designed to reduce the number of gaming machines operating in South Australia by facilitating the redistribution of entitlements.
“Under the trading scheme, potential buyers submit a maximum price they are prepared to pay for each gaming machine entitlement and sellers nominate a reserve price that they are willing to accept.
“As a result of the scheme, one in every four gaming machine entitlements sold by hotels is cancelled.
“To date 48 machines have been successfully removed from South Australian venues, since the first trading rounding round in July 2012.”
The next trading day will occur on Thursday 3 April, 2014.
The closing date and time for the submission of offers to sell or purchase gaming machine entitlements in this trading round is 5pm Monday 3 March, 2014.
Additional information regarding gaming machine entitlements and trading is available on the Consumer and Business Services (CBS) website at www.cbs.sa.gov.au
Results of the trading day will be published on the CBS website shortly after the trading round.