Regulation is not just red tape. It protects the interests of those who put their faith, money, and in some cases, loved ones, into regulated institutions.
The failure of regulators to uncover alleged criminal activity at Crown casino is an important story. But regulatory failure in gambling runs deep, and is a major political problem.
Victoria’s gambling regular says Crown has lagged behind community expectations when it comes to responsible gambling measures.
Even with responsible gambling measures in place, excessive gambling remains a problem and a significant cost to society.
Artist’s rendition of a raid on a Chinese gambling house, 1872.
National Library of Australia via Trove
Chinese gamblers in Australia were once prosecuted and had to stand up for their rights, now they are sought after by Australian casino owners.
Of all the indicators of Australia’s evolving relationship with China, Crown Casino’s current problems are some of the most striking, unexpected and revealing. They present an unflattering but painfully…