Player losses were up 45 per cent when compared to the previous year.<\/p>\n\n\n\n\n\n\n\n
Australia.- Hume Council in Victoria is to advance with plans to divest electronic gaming machines (EGM) on council-owned or managed land over the next few years after an increase in player losses last year. Gamblers in Hume lost AU$104.55m (US$70.23m), up 45 per cent when compared to the previous financial year. <\/p>\n\n\n\n
The increased loss prompted a council meeting on February 27. Council member Sam Misho <\/strong>expressed concern about the figures and said Hume saw the fifth-highest losses out of the 70 local government areas in Victoria. Hume has five of the most disadvantaged suburbs in Victoria, which he said suggests a correlation between the concentration of EGMs and economic disadvantage.<\/p>\n\n\n\n Misho said divesting EGMS was “probably the most significant method” to tackle th issue because the council doesn’t “have the financial power and the commitment when it comes to advertising.”<\/p>\n\n\n\n Council member Jarrod Bell <\/strong>echoed Misho’s concern. The council is urging the state government to introduce cashless gaming cards as another way to curb gambling losses.<\/p>\n","protected":false},"excerpt":{"rendered":" Player losses were up 45 per cent when compared to the previous year.<\/p>\n","protected":false},"author":176,"featured_media":10787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hume Council in Victoria, Australia, plans to divest electronic gaming machines (EGM) from council-owned land following a 45% increase in player losses, reaching AU$104.55m. The council also urges the state government to implement cashless gaming cards to mitigate gambling harm, citing a correlation between EGM concentration and economic disadvantage in the region.","focusai_entities":"Hume Council, Sam Misho, Jarrod Bell, Victoria state government","focusai_location":"Australia, Victoria, Hume","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.8), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"EGM Divestment Financial Impact?","query":"What is the projected financial impact of EGM divestment on Hume Council's revenue streams and local operators' GGR, considering the AU$104.55m in player losses?"},{"label":"Cashless Gaming Card Implications?","query":"How might the proposed cashless gaming card system in Victoria influence responsible gambling frameworks, player behavior, and the operational costs for licensed operators across the state?"}],"footnotes":""},"categories":[16336,157],"tags":[229],"class_list":["post-777002850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002850"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002850\/revisions"}],"predecessor-version":[{"id":777002863,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002850\/revisions\/777002863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10787"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}