The Jupiter`s Casino Agreement Act 1983: Everything You Need to Know

The Jupiter`s Casino Agreement Act 1983 is a legislation that was enacted to establish a casino in the Australian state of Queensland, specifically in the Gold Coast. It granted exclusive casino licenses to Queensland casinos and paved the way for the development of the iconic Jupiter`s Casino complex.

The Act was formulated to provide the necessary regulatory framework for the operation of the casino. It set out the guidelines for the licensing, regulation, and conduct of the casino, its employees, and patrons. It also outlined the rights and obligations of the casino operator and the government, including the payment of taxes and fees.

One of the most significant provisions of the Act is the granting of exclusive casino licenses to Queensland casinos. This means that only casinos licensed by the state government are allowed to operate within its jurisdictions. The Act also provides for the issuance of licenses to operate casinos, which are subject to strict standards and conditions.

Under the Act, the casino operator is required to pay taxes and fees to the government. These include an annual license fee, a percentage of the casino`s gross revenue, and an infrastructure levy. The government uses these funds for various projects and initiatives, including the development of infrastructure and public services.

The legislation also establishes a regulatory framework for the protection of patrons and employees of the casino. It provides for the establishment of a responsible gambling program and sets standards for the conduct of employees. The Act also mandates the implementation of measures to prevent money laundering and terrorism financing.

The Jupiter`s Casino complex, which was later renamed The Star Gold Coast, became an iconic landmark in Queensland after its opening in 1986. It has become a major attraction for tourists and a source of employment and economic development for the region.

In conclusion, the Jupiter`s Casino Agreement Act 1983 is a crucial legislation that established the regulatory framework for the operation of the casino industry in Queensland. It is a testament to the government`s commitment to providing a safe and responsible gaming environment while supporting economic growth and development in the region. The Act is still in effect today, and its provisions continue to guide the operation of casinos in the state of Queensland.