🍒 With pokies shut down, coronavirus stress could drive more people to reckless online gambling

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NSW poker machine profits are sailing towards the GDP of Fiji topping $ billion in the year to June


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That means Australia's , poker machines are now shut down. pokie operators will forego about A$ billion in pokies revenue.


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Fairfield had the highest poker machine revenue in the state for , generating $ million in clubs and $93 million in pubs, from the start of the year to.


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Sonia hopes the lockdown will lead to a rethink on poker machine If you're a member of clubs that profit from gambling, please list them here.


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NSW poker machine profits are sailing towards the GDP of Fiji topping $ billion in the year to June


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The enormous profits wrought from poker machines sustain the economic model of the clubs, and poker machine taxes sustain the budget.


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That means Australia's , poker machines are now shut down. pokie operators will forego about A$ billion in pokies revenue.


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NSW poker machine profits are sailing towards the GDP of Fiji topping $ billion in the year to June


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In clubs in the Fairfield local government area turned a net profit of million Australian dollars in poker machine revenue in the six.


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state rankings by profit per gaming machine report; premises list (updated monthly starting March ). Requests for data reports.


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Michael West reports the first of a series of stories on the biggest community pokies dens in the world. Dee Why RSL: pokies, prodigious profits and personal tragedy. And it is small, surprisingly small. Vaulting pay for their executives and billions for the NSW Government. Tax Dodgers. Pin It on Pinterest.{/INSERTKEYS}{/PARAGRAPH} It effectively allows clubs to grow poker machine profits any which way they can provided a small fraction of the profits is donated back to the community. Coming in at number six for poker machine profits is Cabra-Vale Diggers. {PARAGRAPH}{INSERTKEYS}Huge gaming profits versus a minuscule return to the community. Get Our Weekly Newsletter Unsubscribe anytime. Revolving Doors. NSW Clubs are increasingly about empire building at the expense of their customers and community, rather than serving their communities as they claim. Sources say that this club is renowned for making it as convenient as possible to put large amounts of money onto a poker machine card and then cash it out after play. The philosophical position of the government of Gladys Berejiklian in NSW, if it is defined at all, would appear to be impossible to justify. Get Newsletter. The poker machine business of registered clubs in New South Wales is big business. Although this is typically lower than corporate executive pay, the job of handling all that easy money coming out of machines is hardly challenging. Support Us. These are the findings of the most in-depth investigation into top NSW club finances to date. The current governance arrangements with the top 25 clubs will no doubt continue to incentivise risk-taking by management to increase poker machine profits so that they can continue to increase their own compensation. Holy Dooley, Catholic clubs make a killing from poker machines. These five clubs are predominantly located in suburbs which have low average household income. This rampant escalation in pay corroborates the view that clubs are corporatising, and enriching their own management, rather than holding fast to community service principles. This investigation and accompanying corporate search charges have been funded by the Alliance for Gambling Reform. Despite their rhetoric of community goodwill, the brutal truth is that clubs are in the business of turning their poker machine patrons into problem gamblers — rather than preventing them from becoming problem gamblers. The Sheriff of Nottingham would have been proud to oversee such a state of affairs. Both the clubs and the government therefore are hopelessly conflicted to deal with the social costs of problem gambling and poker machine addiction. Cabra-Vale hit the press in when its then chief executive reportedly sent messages from his phone to the then HR manager and others which included derogatory comments about aborigines and images of bestiality and necrophilia. How the numbers stack up An investigation by michaelwest. Clubs bring people together and generally benefit society. Michael West Michael West established michaelwest. Public support is vital so this website can continue to fund investigations and publish stories which speak truth to power. They have resorted to a range of incentives — tricks and scams — to keep players in action at poker machines for as long as possible so that the inevitable occurs; players lose and the club wins. The disparity between the community support and club management compensation numbers should be a moral challenge, at least, for the Catholic clubs and the workers clubs. The analysis has been conducted in league with an accounting specialist. Clubs face menacing economic headwinds because online betting increasingly attracts the patronage of social gamblers and puts pressure on poker machine profits. Dracula Time: new pokies stats show community benefits are a mirage. Video Channel. Further, KMP compensation and poker machine profits appear joined at the hip. Dracula Time: new pokies stats show community benefits are a mirage The enormous profits wrought from poker machines sustain the economic model of the clubs, and poker machine taxes sustain the budget position of the NSW government. The donations to community ratio is particularly telling, especially as poker machine profits are spread more thickly to the few people occupying managerial positions at the clubs. They have responded by seeking to extract more dollars from their poker machine players. They pay next to no tax either but many are on a pokies-fuelled spree empire-building. The enormous profits wrought from poker machines sustain the economic model of the clubs, and poker machine taxes sustain the budget position of the NSW government. The stories linked above describe ambitious building programs and property development projects financed by the losses of poker machine players, the majority of whose losses arise from addicted gamblers. They say that charity begins at home and that certainly appears to be the case with the management of NSW clubs. This is the first report in a series. The poker machine business of NSW clubs may be a necessary evil to finance all this but, with light-touch regulation, it is also a sewer of greed and misery. This means that the poker machine profits and taxes are extracted from areas, and people, which can least afford to lose. How could community donations of two per cent of club poker machine profits — that is what this investigation has found — bring more happiness to more people relative to the unhappiness of those whose lives are destroyed by problem gambling? Twitter Tweets by MichaelWestBiz. Pokie Profits Investigation: clubs put executive pay, the state and empire building before community service by Michael West Jul 6, Business. Both are in denial. There are only a few of them but they get a bigger slice. An investigation by michaelwest. Privacy Policy. Sources: club financial statements, mostly obtained from ASIC. Pokies: the Rise of the Machines.