ATM restrictions at Aussie gambling halls cost banks big bucks

ATM restrictions at Aussie gambling halls cost banks big bucks
Tags: Asia, Australia & Pacific, Bank / Credit Union, Debit / Credit, Regulatory Issues, Retail / Off-Premises, Trends / Statistics
September 11, 2008

Australian Broadcasting Corp.: The Australian Bankers Association says plans to limit ATM withdrawals in gambling venues to AUS $100 a day will cost hundreds of millions of dollars to implement, and the cost might have to be passed on to consumers. A Senate inquiry is expected to review evidence in Sydney today over whether pokie machines should be phased out in clubs.

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