Casino gambling is growing in popularity around the world, and the growth of these events is only likely to continue.
The big gamble is that the games themselves are not regulated, but the people who run them.
That may not be the case for the big-time operators, which are increasingly being targeted by regulators for breaching gambling laws.
While the Australian Securities and Investments Commission has opened investigations into some of these operators, there are few clear examples of the companies being charged criminally.
“The big gamble on the cards is that it’s unregulated and unregulated,” said Andrew Williams, a professor of law at Monash University.
“I think that’s going to be a big risk.”
The first major crackdown on gambling was announced by the Australian Government in December 2013.
The aim was to clamp down on the growth in unregulated gambling, which saw players lose millions of dollars in a single day.
But regulators found that there was little evidence of criminal activity.
The Australian Gaming and Liquor Commission said it had closed 5,000 illegal gaming businesses in the first five months of 2017.
The government also tightened the rules on how casinos were licensed and closed them down.
The NSW Premier said the state would be the first to go after casinos that breached gambling laws, and said the laws needed to be changed.
The industry is worried, and many have taken matters into their own hands.
“It’s not just a small group of people,” said Rob McBride, chief executive of the Australian Gaming Association, which represents operators.
“These are the people in our industry who are the ones who have to be held to account.”
The ACCC has also launched a crackdown on the online gambling industry.
Last year it began launching criminal investigations into websites including Betfair, The Big Bet and The GameStick, and it has also issued warnings to online casinos and poker sites.
In March, the commission said it was taking steps to limit the spread of the Zika virus in Australia, including restricting the availability of online gambling sites.
While online gambling is not illegal, it is not regulated by the ACCC.
The ACCCs chief executive, Andrew Scipione, said online gambling was the industry’s “gold standard” of compliance.
“There’s no doubt that this is an area that has been in the news and there’s a lot of interest and activity,” he said.
“So what I’m trying to do is take a holistic approach to the industry and we want to take it through a number of processes and make sure that we don’t do things in the wrong way.”
The gambling industry has a complex history, and legal experts say the regulation of gambling is still a work in progress.
It’s hard to know what will be the next steps, and regulators need to work together with the industry to find a solution.
The game industry’s biggest fears are that regulators will continue to ignore its warnings and focus instead on other areas of the economy.
“If you have an issue, there is always the risk of you getting penalised and then you’re just stuck on the bottom line,” said Mr Williams.
“That’s a bit of an issue for the industry because they have to pay taxes, and there is no incentive to reduce the tax burden.”
For now, the focus is on keeping the games free of risk.
The games industry is hoping to expand the industry by offering online gambling in the coming years.