Victorian gaming expenditure data (includes RFC pubs figures)

[one-eyed]

The Victorian State Government has released publicly Victorian gaming expenditure data: 2005-06, 2006-07 and 2007-08. It includes all Victorian AFL club pubs as well.

http://www.news.com.au/heraldsun/files/gambling_stats.pdf

Here's the gaming expenditure at the RFC pubs.......

WANTIRNA CLUB (RICHMOND FOOTBALL CLUB)

Financial Year   Gaming Expenditure     Machines
05/06                  $4,613,719               77
06/07                  $4,719,097               77
07/08                  $4,504,087               77

ROYAL OAK  (RICHMOND FOOTBALL CLUB)

05/06                 $4,765,832                80
06/07                 $5,362,181                80
07/08                 $5,592,084                80


Source: Victorian Commission for Gambling Regulation 2009.

Notes:
Gaming Expenditure is the total amount wagered minus the amount returned to players in winnings.

“Gaming machines are the number licenced to operate 30 June of the financial year. This figure does not account
for variations in the number of operational gaming machines over the financial year.”

[bojangles17]

Bloody worry that  in 2008 wantirna club is 5% worse than 05/06 performance

[Ramps]

Bloody worry that  in 2008 wantirna club is 5% worse than 05/06 performance

It was in my opinion never a good site to start with, the sooner the club finds a way to limit the losses, the better.

[Fluffy Tiger]

Bloody worry that  in 2008 wantirna club is 5% worse than 05/06 performance

It was in my opinion never a good site to start with, the sooner the club finds a way to limit the losses, the better.

Its a downturn in profit, not a loss. Sure we would always like to see these things go up but I dont see how this could be concidered a loss.

I would like to say that I have no idea what return we get from the Wantirna Club but any Club that has $4.5 Million profit from machines should be making money.

[Ramps]

Didnt the club recently write off $1.8 million from the value of Wantirna Club?

[bojangles17]

Bloody worry that  in 2008 wantirna club is 5% worse than 05/06 performance

It was in my opinion never a good site to start with, the sooner the club finds a way to limit the losses, the better.

Its a downturn in profit, not a loss. Sure we would always like to see these things go up but I dont see how this could be concidered a loss.

I would like to say that I have no idea what return we get from the Wantirna Club but any Club that has $4.5 Million profit from machines should be making money.

thats not 4.5 profit, not by a long shot, my understanding is that is referring to revenues where Taxes and then outgoings are then drawn ...if we returned 10% of that we'd be doing well

[mightytiges]

Didnt the club recently write off $1.8 million from the value of Wantirna Club?

Yeah it was something like that Ramps. Something like a write-down of $180k over the next 10 years or thereabouts until the lease runs out. It was reported at the AGM IIRC so should be in one of threads related to the AGM or our financial report.

[one-eyed]

AFL clubs make killing on pokies
Cameron Houston
March 8, 2009

VICTORIAN AFL clubs reaped $245 million from poker machines in the past three financial years and are increasingly targeting Melbourne's most vulnerable communities.

Five suburban venues owned by Collingwood Football Club made $62 million, with about $20 million pouring directly into the Magpies' coffers.

Reigning premiers Hawthorn got about $35 million from pokie players at its Waverley Gardens venue, Vegas, which was the third-most lucrative pokie club in the state. Each machine generated a staggering $157,000 last year.

Richmond's balance sheet was boosted by almost $10 million after pokie players lost about $30 million at its clubs in Wantirna and Richmond.

The Western Bulldogs, Essendon, Carlton and Melbourne each made more than $2 million a year from gaming.

Financially embattled North Melbourne recorded the lowest take of any Victorian club, with pokie players losing $1.3 million over three years at the Arden Street social club, delivering a modest profit of $450,000.

On Friday, the Brumby Government released details of pokies spending at all Victorian gaming venues as part of its plan to strip Tatts and Tabcorp of their duopoly power and allow hotels and clubs to own and operate machines.

Charles Livingstone, of Monash University's department of health science, accused AFL clubs of deliberately establishing gaming venues in economically disadvantaged areas.

"It's no coincidence that Richmond has a venue in Wantirna, or Melbourne in Oakleigh, or Collingwood in Caroline Springs, or Carlton in Laverton. This is an obvious strategy to maximise the returns from each machine and it seems to have the blessing of the AFL's administration," Dr Livingstone said.

Hawthorn is poised to expand its gaming empire into the western suburbs, with approval for 80 more machines at its proposed $27 million West Waters Hotel development in Caroline Springs.

Dr Livingstone warned that clubs would bid aggressively when poker machine entitlements were auctioned next year.

Ballarat Leagues Club chief executive Rod Ward said regional community clubs and RSL venues were vulnerable.

"Under the new system, we'll simply be outbid at auction. If you've got a situation where the Ballarat Golf Club is bidding against Collingwood Football Club, then who's going to win? It's like David versus Goliath," Mr Ward said.

Clubs Victoria executive director Margaret Kearney told The Sunday Age that the allocation of poker machine licences should not be decided by the highest bids alone.

Ms Kearney urged the Government to introduce a minimum entitlement for all community clubs to avoid competition with gaming industry heavyweights with deeper pockets.

http://www.theage.com.au/national/afl-clubs-make-killing-on-pokies-20090307-8rym.html

[bojangles17]

thats very interesting as the numbers most certainly dont correlate with what was reported in our annual report...Unless we are using Enrons old auditors Id suggest the numbers quoted by that journalist are up the creek

[mightytiges]

thats very interesting as the numbers most certainly dont correlate with what was reported in our annual report...Unless we are using Enrons old auditors Id suggest the numbers quoted by that journalist are up the creek

Yep not sure where the journo gets $10m from  ???

Receipts from gaming and social activities    +5.77m

Provision for Wantirna Club onerous lease     -1.54m

An onerous contract provision has been recognised for the first time in the current year relating to the Wantirna Club. The provision represents the present value of future rental losses in excess of income derived for the remaining life of the Wantirna Club lease which is due to expire on 6 May 2018.

http://oneeyed-richmond.com/finances/RFCFullFinancials2008.pdf

[Ramps]

I reckon the auction system for gaming machines thats coming in is a big opportunity for clubs, RFC should be bidding for the machines of the Glen Waverley RSL as a start.

[bojangles17]

I reckon the auction system for gaming machines thats coming in is a big opportunity for clubs, RFC should be bidding for the machines of the Glen Waverley RSL as a start.

i wouldnt bet on it..expereince at wantirna club would have them looking elsewhere for revenue options

[one-eyed]

Pokies Clubs owned by the RFC generated over $10 million from gaming....


AFL clubs benefit as punters lose tens of millions
Gareth Trickey
July 29, 2009

AFL clubs are pocketing tens of millions of dollars a year thanks to unlucky punters at suburban pokies venues.

Gambling houses controlled by nine Victorian AFL teams have taken about $85.4 million from 1273 poker machines in the past year.

Figures released by the Victorian Commission for Gambling Regulation show some venues were recording windfalls of up to $168,000 from each machine.

Collingwood Football Club hit the jackpot last financial year with punters at its five venues losing more than $17 million.

Pokies players at clubs owned by Essendon, Hawthorn and Richmond also lost more than $10 million.

But it was Hawthorn Football Club's Vegas at Waverley Gardens gambling venue that took in the most cash per machine, with pokies players depositing an average of $168,932 in each machine.

Victorian-based AFL clubs control about 5 per cent of the state's 26,772 poker machines in hotels and clubs.

North Melbourne was the only Victorian club not to take advantage of the losses of punters at pokies venues.

Independent senator Nick Xenophon called on AFL clubs to get out of the pokies industry and to stop exploiting fans.

"The clubs need to acknowledge the devastating impact these machines have on their supporters," he said.

"Half of all poker machine losses come from problem gamblers, so half of the money the clubs are getting must come from footy fans with gambling problems.

"People have to come before profits.

"If AFL clubs genuinely care about their fans they must get out of the poker machine industry."

Anti-gambling campaigner and World Vision Australia chief the Rev Tim Costello said poker machines tore families apart.

"Kids look to AFL players as their heroes and the heady mix of sport depending on a revenue source that destroys many families and takes lives is a bad mix. It's not good branding," he said.

Recent figures show each poker machine in Victoria took an average of more than $100,000 between July 1 last year and June 30.

A record $2.7 billion was pumped into poker machines in the 12 months to July 1.

http://www.news.com.au/heraldsun/story/0,21985,25849752-2862,00.html