ILGA<\/em><\/strong> has extended existing approved payment terms by a further 90 days, with a six month extension for payment plans approved from a year to three years ago.<\/p>\n\n\n\nThe new financial arrangements will also allow a general deferral of payments of up to 6 months in exceptional cases, at the discretion of the licensed dealer or seller.<\/p>\n\n\n\n
ILGA said: \u201cThe temporary financial arrangements will also be available to hotels and clubs placing new orders up to 30 September 2020.\u201d<\/p>\n\n\n\n
The new conditions will remain in force until reviewed by ILGA after September 30.<\/p>\n","protected":false},"excerpt":{"rendered":"
With gaming machine revenues down, ILGA has extended payment periods for operators.<\/p>\n","protected":false},"author":2,"featured_media":8492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New South Wales Independent Liquor & Gaming Authority (ILGA) has implemented temporary financial relief measures for gaming machine operators, extending payment terms due to reduced revenues from the COVID-19 pandemic. This regulatory adjustment, prompted by industry requests, aims to alleviate financial pressure on licensed venues and support the gaming machine supply chain. The provisions include extended payment periods for existing and new machine acquisitions, with a review scheduled post-September 30, 2020.","focusai_entities":"Independent Liquor & Gaming Authority (ILGA), Gaming Technologies Association, Aristocrat","focusai_location":"Australia, New South Wales","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Post-Sept 30 Outlook","query":"What are the anticipated criteria and potential long-term implications of ILGA's post-September 30, 2020 review on the sustainability of these financial relief measures and their impact on operator capital expenditure cycles?"},{"label":"Cash Flow Impact","query":"How do these extended payment terms specifically alter the working capital requirements and debt service coverage ratios for NSW gaming machine operators, particularly those with existing leverage?"}],"footnotes":""},"categories":[16336,153],"tags":[15256],"class_list":["post-8490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-igaming-news","tag-pokies"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8490","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8490"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8490\/revisions"}],"predecessor-version":[{"id":777017184,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8490\/revisions\/777017184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8492"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}