Different Canberra clubs generated revenue of $168 million from poker machines

By | December 19, 2016

Different Canberra clubs generated revenue of $168 million from poker machinesMany Canberra clubs have generated an amount of $168 Million as their revenue from poker machines in the past year. At least eight biggest clubs of Canberra have poker machines inside their clubs.

Poker machines are big business for these clubs. They generate a lot of money from pokies and related gaming things. Four labor clubs owned and operated by Labor Party generated at least $50,000 every year.

Last year, these labor clubs generated an amount of $24.4 million as their total revenue before tax, which is less than around $700,000 from 2014-15.

There are currently many clubs including Vikings, the Raiders and the Southern Cross group offering pokies to Australian poker players.

One of the biggest groups which offer pokies to AU players is Labor Clubs. They own 489 poker machines and are fourth biggest in Australia.

According to latest released report total poker machines in these clubs in 2015-16 are 4585 in 2015-16, which was 4956 in the 2014-15 and that means total number of poker machines are down in current fiscal year.

The report says that most of the poker machines (over 85 percent and around 3927 machines) are owned and operated by top eighth poker club groups. Tradies group owns 467 poker machines, inslie group owns (423), Hellenic clubs (294) and the Eastlake group (286).

These clubs generate most of the Australian poker money and hence they are required to donate at least 8 percent of their gross revenue (after taxes and other expanses of the groups) to the community for development.

The Labor Party’s city club is one of the most profitable poker machine centres which make at least $54,400 a year from each of its poker machine, whereas another Labor club Belconnen makes an amount of $53,400 per machine.

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