Wed, Dec 5, 10:34am by Staff Writer
The Canberra Tradies Club in Dickson has grossed the highest revenue per poker machine in the Australian Capital Territory with the club’s 309 machines taking in approximately A$17 million last financial year.
The latest report on poker machine revenue and community contributions showed the total gross revenue of all of the Canberra’s machines in 2017-18 fell from A$168 million to A$167 million, due to the closure of the Woden Tradies Club.
The top five Canberra clubs with the highest poker machine takings are the Canberra Tradies Club, Canberra Labor Club, Southern Cross Club, Hellenic Club of Canberra and Gungahlin Lakes Golf & Community Club.
The aforementioned clubs are making the biggest windfalls yet are making the lowest community contributions of all clubs, as a percentage of their revenue when compared to small and medium clubs.
The Canberra Tradies Club has toppled the Labor Club for having the highest gross revenue per poker machine, with the club's 309 machines taking in some $17 million last fiscal year…. https://t.co/OxqG6wpTSf
— Move2Sydney (@movetosydney) December 4, 2018
The Tradies Club took A$56,005 in gross revenue per machine in 2017-18, but each machine had a net revenue of A$30,411.
This figure is used to calculate community contributions and is slightly less than the Labor Club’s net revenue of A$31,816 per machine.
Clubs are levied eight per cent for community contributions on their net revenue, a figure calculated after club expenses are included.
Canberra’s Labor Club has just 62 machines but took in A$3.45 million in gross revenue in 2017-18. The groups four cubs took in A$24.65 million collectively.
The Labor Club Group continues to have the most profitable poker machines in the territory, despite the Tradies’ club reporting the highest gross revenue per machine.
The report also shows that 14 small and medium-sized clubs made less than A$1 million in gross revenue from their machines in 2017-18.
24 clubs made between A$1 million and A$10 million in the same period.
The report comes ahead of a change that is set to sweep through the poker machine industry in 2019.
The Australian Capital Territory has introduced gaming reforms that are set to have a major impact on the Territory’s clubs and gaming venues.
The Gaming Legislation Amendment Bill 2018 was recently approved by the ACT Legislative Assembly.
It will force clubs to give up some of their poker machine licenses from April 2019.
The Bill is designed to achieve the aim of reducing the number of poker machines allowed in the ACT to 4,000 by 2020 according to the Canberra Times.
Under the terms of the new Bill, the state’s sports, social and cultural clubs will be required to surrender 20 per cent of their poker machines on two dates – April 1, 2019 and April 30, 2019.
The government has offered A$12,000 cash incentives to small and medium sized clubs until the end of January next year to partially offset the loss in revenue from the forfeiture of machines.
This will reduce the total number of machines in the ACT by 1,000, a key election pledge by the ruling Labor Party.
The Bill was introduced at the beginning of November and will also increase the level of net gaming revenue to be given to community causes by 0.8 per cent.
The UK Gambling Commission is banning people from using credit cards to place bets in an attempt to curb problem gambling. The…
A Japanese lawmaker who played an instrumental role in the legalisation and promotion of casino gambling has been indicted on bribery charges.…
India’s largest casino operator has been granted a gaming licence in Nepal. Inkedin reports that Delta Corp has finally secured the gaming…