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The company will see its revenue boosted this year, and its earnings will compete with those of Echo Entertainment – one of Australia’s biggest casino operators. The increase in business is due to the disbanding of the pokies duopoly in Victoria. Now that TabCorp and Tatts Group no longer have the right to operate all of the poker machines in the state, Woolworths has been able to move in, raking in significant share of the market.
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had said in June in a filing to the Sydney stock exchange that the restructuring process is likely to take nine months. This timeline is now under review due to the subsequent turn of events.
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More and more clubs and pubs across Australia and New Zealand are working on ways to become less reliant on poker machine revenue. Although it has been a struggle, some venue owners in New […]
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