VGCCC reveals new EGM restrictions for Crown Melbourne
The Victorian Gambling Casino Control Commission (VGCCC) has implemented new rules at Crown Melbourne to align with responsible gambling objectives. Players can no longer use items to hold down EGM buttons and can only use one machine at a time. Additional regulations may be implemented in the future. VGCCC now has access to surveillance equipment and casino records at Crown Resorts, and casino employees must assist VGCCC inspectors. These changes follow recommendations from the Victorian Royal Commission in response to money laundering and other issues at Crown Resorts.
Leisure and Resorts World Corporation losses widen for Q1
Leisure and Resorts World Corporation (LRWC) reported wider EBITDA losses of PHP151m for Q1 2022, compared to PHP13m losses in Q1 2021. Total revenue also decreased by PHP13m YoY to PHP929m in Q1 2022. LRWC resumed its operations in 2022 after Covid-19 restrictions were lifted, but this has increased operating expenses. The company also launched its new product, BingoPlus, which contributed to significant costs in the latest quarterly report.



