Richmond generates $4.1 million in gaming revenue [ranked 8th] .... (Herald-Sun)

[one-eyed]

AFL clubs take more than $88 million from po-kie players in 2013-14 financial year

Grant Baker
Herald-Sun
October 27, 2014

Net gaming revenue is what the machines take after winnings. The figures do not represent the profits made by clubs.

Victorian AFL clubs and their po-kie takes in 2013-14

CARL $17.5m (4 po-kie clubs)

COLL $12.7m (3)

ESS $11.9m (2)

GEEL $8m (2)

HAW $18.6m (2)

MEL $9.4m (2)

NM — Nil

RICH $4.1m (1)

STK $2.2m (1)

WB $4.3m (2)

TOTAL = 19 pokie clubs — $88.7m

* SOURCE: Victorian Commission for Gambling and Liquor Regulation

http://www.news.com.au/sport/afl/afl-clubs-take-more-than-88-million-from-pokie-players-in-201314-financial-year/story-fndv7pj3-1227102811873

[Gigantor]

This news story worries me.If we are to become a power club we need to match our rivals in income generation.Now the club may have taken steps to rectify this,however I am not aware of it

[Hard Roar Tiger]

The revenue being generated has little relevance if we don't know the margin being generated on that turnover.

[tdy]

Personally I hope the profits are marginal at best. These are footy clubs not for profit organisations, why the hell do they do this.  If we need the cash how bout we start selling hamburgers instead? MicDonalds makes a buck or two last I heard.

[Phil Mrakov]

Unacceptable

[WilliamPowell]

The revenue being generated has little relevance if we don't know the margin being generated on that turnover.

But article says "Net Gaming Revenue" which to me means it is total revenue less costs incurred to earn the revenue = Net Revenue, margin on Gross Revenue is already allowed for

[Judge Roughneck]

Poor form. 

[Phil Mrakov]

We really are a minnow in the profit area

[RFC_Official]

We really are a minnow in the profit area

Overall we had the third largest profit last year, and 8 consecutive profits in a row.

[WilliamPowell]

We really are a minnow in the profit area

To clarify are you talking about being a minnow of profit on Pokie machine revenue or overall profits?

[tigs2011]

We really are a minnow in the profit area

To clarify are you talking about being a minnow of profit on Pokie machine revenue or overall profits?

He doesn't know what he means. But he will take option c, whichever makes his post look less ridiculous.

[Phil Mrakov]

We really are a minnow in the profit area

Overall we had the third largest profit last year, and 8 consecutive profits in a row.

Yeah but we aren't making any money off of pokies at all. Let's get some more

[1965]

To be honest I would happy if we didn't make any revenue from Pokies.

 

[Phil Mrakov]

Then go to church

[Francois Jackson]

We really are a minnow in the profit area

Overall we had the third largest profit last year, and 8 consecutive profits in a row.

Yet we still didn't find the need to use that money and replace Leppa.