Brisbane Casino Agreement Act 1992: Everything You Need to Know

The Brisbane Casino Agreement Act 1992 is a crucial piece of legislation that governs how the casino industry operates in the Australian state of Queensland. The act was passed in 1992 as a result of negotiations between the Queensland government and the Conrad Jupiters Casino (now known as The Star Gold Coast) regarding the development and operation of the Conrad Treasury Casino in Brisbane.

The agreement sets out the terms and conditions under which the casino can operate, including its licensing, regulation, and taxation. Here are the key details that you need to know about the Brisbane Casino Agreement Act 1992:

1. Licensing and Regulation

Under the agreement, the casino is licensed by the Queensland government, and is subject to strict regulation to ensure the safety and fairness of its operations. The Queensland Office of Gaming Regulation oversees the operations of the casino, including the conduct of its gaming activities, the management of its finances, and the prevention of problem gambling.

2. Taxation

The Brisbane Casino Agreement Act 1992 also sets out the tax arrangements for the casino. The casino pays a percentage of its gross gaming revenue to the Queensland government, which is used to fund various government programs and initiatives. In addition, the casino is required to make annual contributions to community causes such as problem gambling support services, health and education programs, and local sporting clubs.

3. Gaming Activities

The act governs the types of gaming activities that can be offered at the casino. These include table games such as blackjack, roulette, and baccarat, as well as electronic gaming machines such as slot machines and video poker. The casino is also required to implement various measures to promote responsible gambling, such as self-exclusion programs and the provision of information on problem gambling support services.

4. Community Benefit

The Brisbane Casino Agreement Act 1992 also requires the casino to provide community benefits in exchange for its license to operate. These benefits include the creation of employment opportunities, the stimulation of economic activity in the surrounding area, and the provision of funding for community programs and initiatives. The casino is also required to implement various measures to mitigate the social and economic impacts of problem gambling.

In conclusion, the Brisbane Casino Agreement Act 1992 is a key piece of legislation that regulates the casino industry in Queensland, Australia. It sets out the licensing, regulation, taxation, and community benefit arrangements for the casino, and ensures that its operations are conducted in a safe, fair, and responsible manner. As such, it is an important tool for protecting the interests of both the government and the public in this vital industry.