Gaming - we are out!

[Deemania since 56 6,296]

58 minutes ago, DemonAndrew said:

pre-emptive move - all clubs are preparing for the afl stopping clubs owning pokies licenses, whilst at the same time taking in excess of $10m from crownbet to be official wagering partner, plus all the residuals from the other gambling companies

the afl hypocritical? well, i never...

Another AFL exposure against the morally astute?

[Redleg 38,227]

1 hour ago, Eelesie said:

Makes a difference. Great from a social aspect but the obvious question remains - How to we supplement the revenue?

Gaming & Social Revenue                     

• Collingwood – $22,887,477
• Hawthorn –  $19,087,366
• Carlton – $18,825,869
• Brisbane – $15,687,630
• Essendon – $13,351,296
• Melbourne – $11,641,049
• Geelong – $10,537,358
• Richmond – $7,180,170
• Western Bulldogs – $7,061,232
• Port Adelaide – $6,784,180
• St Kilda – $1,934,045
• Gaming Profit
• Collingwood – $6,037,992
• Brisbane – $3,744,228
• Melbourne – $3,720,679
• Carlton – $3,169,884
• Essendon – $2,276,154
• Western Bulldogs – $1,390,994
• Richmond – $942,060
• St Kilda – $616,340
• Port Adelaide – $301,173
• Hawthorn – No costs available
• Geelong – no costs available

Revenue without Gaming

• West Coast – $64,013,222
• Richmond – $57,984,202
• Adelaide – $54,954,790
• Collingwood – $54,848,992
• Essendon – $51,814,111
• Hawthorn – $51,655,098
• Port Adelaide – $51,123,008
• Sydney – $50,837,971
• Fremantle – $49,263,474
• Geelong – $47,266,694
• St Kilda – $46,018,621
• Western Bulldogs – $44,883,240
• GWS – $42,605,892
• Melbourne – $40,347,662
• Carlton – $39,793,007
• North Melbourne – $39,717,822
• Brisbane – $36,372,790

Profit/Loss without Gaming

• St Kilda – $4,651,074
• Essendon – $2,778,032
• Richmond – $2,121,238
• Western Bulldogs – $252,056
• North Melbourne – $242,656
• Sydney – $105,186
• Port Adelaide ($272,562)
• GWS – ($522,896)
• Melbourne – ($2,357,619)
• Carlton – ($2,502,081)
• Brisbane –  ($6,006,218)
• Collingwood ($8,770,616)
• Hawthorn – Not available
• Geelong – not available.

 

Interesting that Saints with about 15% more gaming revenue make 100% more profit than us. We must have a far higher expense ratio for every gambling dollar taken.  

[Demonland 66,711]

 

[Eelesie 216]

6 minutes ago, red and blue forever said:

Melbourne – $3,720,679  

 

I assume this is the figure we will loose, we still should get the other 8 or so million from social revenue right..?.?

Yep, thats profit after macine rental etc from what I can see...

[Gator 16,921]

Seemingly, some supporters like how this makes them "feel" even though nothing will change for the customers of these machines.  

In some ways, a football club, which in essence survives through social cohesion, is better placed to support those who may end up having a problem with gambling than a profit-driven entity.  

That said, it's a legal product, a great revenue stream, and the club won't necessarily always be well managed. 

Unless there's a bigger game happening that I'm not privy to I think it's a poor and potentially short-sighted move.

[Redleg 38,227]

1 minute ago, ProDee said:

Seemingly, some supporters like how this makes them "feel" even though nothing will change for the customers of these machines.  

In some ways, a football club, which in essence survives through social cohesion, is better placed to support those who may end up having a problem with gambling than a profit-driven entity.  

That said, it's a legal product, a great revenue stream, and the club won't necessarily always be well managed. 

Unless there's a bigger game happening that I'm not privy to I think it's a poor and potentially short-sighted move.

I think it would be safe to assume that there is a bigger game happening. I am confident that PJ and our CFO and the Board are not all idiots.

[daisycutter 28,712]

7 minutes ago, Diamond_Jim said:

Mustn't be many people with the right skills then.

Let's face it .... the problem with sports betting is that it is now pervasive among the young (mainly males) following the game.

It will soon attract the same criticism that rightly we give to the pokies.

without a doubt, jim.  and it's easier to bet as you don't even have to go to a venue. just need a smart phone and we know how ubiquitous they are

[daisycutter 28,712]

is there gaming entitlements at the leighoak venue like there are at the bentleigh club?

if so, what %  of gaming do we lose this July with the sale of leighoak?

[red and blue forever 786]

Bartlett About to be on SEN

[Demonland 66,711]

 

[Diamond_Jim 12,074]

5 minutes ago, daisycutter said:

without a doubt, jim.  and it's easier to bet as you don't even have to go to a venue. just need a smart phone and we know how ubiquitous they are

the cynic in me says that pokies are on the decline as they are a baby boomer entertainment from my limited observation.

Sports betting will be the new scourge

[Sir Why You Little 35,266]

We now have 4 years to find new Revenue streams. We should be able to sort that out, Talk to Ethan Musk NOW. 

Will the AFL severe ties with Sports Betting advertising, it is so hypocritical that they are pushing this moral ground

the machines will still operate... 

 

The alternative could be Dr. Who’s Business Directory.....

Edited April 4, 2018 by Sir Why You Little

[daisycutter 28,712]

1 minute ago, Diamond_Jim said:

the cynic in me says that pokies are on the decline as they are a baby boomer entertainment from my limited observation.

Sports betting will be the new scourge

some truth in that. i remember decades ago they tried to get sports betting up and it was a real failure.

i think the internet, graphics, technology and smart phones have played a big part not only making it more available and immediate but adding a lot of "glamour" to it

[Jaded No More 59,545]

13 minutes ago, Redleg said:

I think it would be safe to assume that there is a bigger game happening. I am confident that PJ and our CFO and the Board are not all idiots.

Exactly.

PJ has done nothing but improved our club financially! 
He isn't stupid enough to give up this type of revenue without knowing he can replace it long term. 

This is not 10 years ago, this club is actually run by people who know what they are doing now. 

[beelzebub 22,631]

6 minutes ago, Diamond_Jim said:

the cynic in me says that pokies are on the decline as they are a baby boomer entertainment from my limited observation.

Sports betting will be the new scourge

My observations of local rsl and pubs suggests there in no shortage of younger gens ready to fill the shoes of any declining boomers.

Pokies are going nowhere....not unless outlawed ( as if ) 

[Dingo 851]

Great news.Pokies ( sounds so nice, eh ? ) are a pox on society.

[george_on_the_outer 7,093]

Losing a $3M annual profit from gaming means the capital needed to replace it has to be in the order of $30 - $60M.!!

I’m thinking there will have to be an announcement of a new training base for the club paid for by the AFL to just allow us to break even.

And then there still remains the question of on going revenue to allow us to support the side financially into the future. 

[praha 10,481]

1 hour ago, Clint Bizkit said:

Please, what benefit to society do pokies bring?

I know what point you're trying to make, but this isn't the best way to make it.

[Sir Why You Little 35,266]

1 hour ago, willmoy said:

Melbourne wood.......

Never ever say that again!!

[beelzebub 22,631]

GOTO i do wonder what the carrot is. Pointless exercise otherwise really.

[Sir Why You Little 35,266]

1 minute ago, beelzebub said:

GOTO i do wonder what the carrot is. Pointless exercise otherwise really.

Absolutely, the machines are not illegal

[Red and Blue realist 2,026]

Few people jumping to conclusions, around lost revenue etc. without knowing, what the exact revenue and profits were for each venue, what sale proceeds they expect and what they will use those funds for. So far this administration has been pretty spot on with most of their moves (that's publicly visible) so happy to back them in until further info is provided.

Have heard some talk that the venue in Bentleigh would be worth a whole lot more if bulldozed and housing/units built. Maybe they'll enter into some sort of property development opportunity? 

[Pates 9,541]

I've never been a massive opponent to pokies being involved in the footy club revenue. If people wish to use them they do so on their own volition, as long as there was no active advertisement of it then play on I felt.

It's more the sports gambling with sportsbet, TAB etc that I've had issues with, particularly the odds being discussed/shown during the telecast. There should be a blanket ban on that side of things and I'd support no sponsorship by those betting agencies being allowed.

How much space do the pokies take up at those venues? I hope they're considering creative ways to utilise the space in order to drum up additional cliental.

Edited April 4, 2018 by Pates

[DubDee 21,677]

This should free us up to buy a couple of clubs on king st

[praha 10,481]

1 minute ago, Red and Blue realist said:

Few people jumping to conclusions, around lost revenue etc. without knowing, what the exact revenue and profits were for each venue, what sale proceeds they expect and what they will use those funds for. So far this administration has been pretty spot on with most of their moves (that's publicly visible) so happy to back them in until further info is provided.

Have heard some talk that the venue in Bentleigh would be worth a whole lot more if bulldozed and housing/units built. Maybe they'll enter into some sort of property development opportunity? 

The club needs ongoing revenue opportunities. Bulldozing a revenue generating venue for immediate financial gain probably isn't the best move.