Munky
Coach
- Messages
- 12,200
That article mentioned parra leagues is spending 5 million on a new dining area
I don’t know why they all don’t do nightclubs, gyms, hotels etc
Because actual hospitality and entertainment is a hard business to be successful long term.
Pokies are a cheat code, especially historical licences. A literal built in no risk profit margin.
The directors of a club need to actually have business nous rather than just let the pokie money flow and give their private businesses inflated cleaning, catering, construction contracts etc.
My local bowlo tried a redevelopment to move away from pure pokie den and failed so miserably the bank who financed the construction took a 50% hair cut.
New management came in, acquired more licences and turned the two function rooms into pokie areas.
Think how bad you need to be to lose money on an income tax exempt entity with free pokie money.