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  The Northern Territory government has lowered the number online casino of poker machines allowed across the region as it continues to acknowledge the significant harm caused by problem gambling. The cap on gaming machines in community venues has been reduced from 1699 to 1659, excluding machines at the NT's two casinos which are covered by separate agreements. Gaming Minister Chansey Paech said since reintroducing the cap when Labor came to power in 2016, the government had lowered it three times, cutting about 200 machines from the pool. "Our government is aware that problem gambling creates a significant public health risk to communities across the NT, and that's why we are doing what we can to reduce availability of gaming machines," the minister said. "We continue to promote responsible gambling and provide ongoing funding for research as well as community-based support services." Tuesday's changes also end a nine-month moratorium on new gaming machines in Alice Springs that was sparked by community concern over plans for 60 more at hotels and taverns in the town. Applications for 40 of those machines in two venues have since been withdrawn. Existing applications lodged last year for 20 machines at the Todd Tavern and Gap View Hotel remain in train, however no new applications from community venues across the Territory will be accepted once the cap is reached. In regard to the Mindil Beach Casino in Darwin and the Lasseters Hotel Casino in Alice Springs, the government said they would need to adhere to a new code of practice that prioritised harm minimisation.
  
  
• Enlace al Comentario Domingo, 18 Junio 2023 11:13 publicado por BillyAster

  By Chiara Elisei LONDON, June 5(Reuters) - A European derivatives committee said on Monday that a bankruptcy credit event has not occurred in relation to France's debt-laden Casino, dashing investor hopes for a payout on credit insurance linked to the retailer. The EMEA Credit Derivatives Determination Committee (CDDC) met on Friday to discuss the question raised by an investor, it said on its website. The heavily-indebted French retailer said last month it had entered court-backed talks with creditors after receiving their consent to open a court process known as conciliation without triggering a default under the terms of Casino issued bonds. The CDDC said on Monday that in reaching its decision, it had considered previous cases including Casino's holding company, Rallye. The committee said it had also considered features of French conciliation, noting that the process was designed to result in a full consensual agreement with creditors.
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  But if a partial agreement is reached, this does not bind creditors who do not consent, meaning that other ways to get them on board would be sought, it noted. Additionally, under French law, the opening of a conciliation procedure would override events of default in the debt instruments, the statement added. However, the CDDC concluded that this alone was not sufficient to trigger a bankruptcy credit event. A separate question was posed to the committee on Friday on whether a "failure to pay" credit event had occurred for Casino.
  
  The committee has not decided yet whether to accept the question. A number of circumstances can constitute a credit event, which can trigger a payout on credit default swaps which insure against losses from exposure to corporate or sovereign debt. There were $428 million of net notional Casino CDS outstanding as of May 19, according to data from securities clearing and settlement firm DTCC. Casino has been plagued for years by hefty debt following a string of acquisitions and by declining revenue and loss of market share in an increasingly competitive domestic market.
  
  (Reporting by Chiara Elisei, editing by Dhara Ranasinghe and Emelia Sithole-Matarise)