The proliferation of commercial casinos in Australia over the past decade has transfigured the face of Australian gambling. This paper examines the implications of the precarious relations that exist between casino operations and the regulatory structures established to control them. While Australian casinos share many of the general features and problems of casinos in the United States and Britain, the Australian approach to the selection and control of casinos and the types of corporate organizations licensed to operate casinos has been quite distinctive. The various State governments also have adopted distinctly regional responses based on different moral climates, political-economic calculations and market competition. However, in their haste to secure a share of the casino market, governments have welcomed the involvement of large corporations in Australian gambling. The power of these economic forces and changing environmental conditions present a challenge to the capacity of governments to determine gambling trends in the country.