Woolworths is pokies king
March 29, 2006 on 11:39 am | In Slot machine articles online |Australian icon and megagrocer Woolworths continues to absorb hotel operators, and their slot machines.
“Woolworths has grown into one of the biggest gaming machine operators in the country with 10,722 pokies — nearly 6000 of them in Victoria “
Poker machines are a safe bet for any business - its pretty difficult to make a loss when you have these electronic safes working on your behalf. When you have 10,722 of them working for you, your profit margins are only going to improve.
It seems the acquisition of the pokies is only incidental to the real goal of Woolworths - buying up hotels so they can increase their presence in the oddly regulated liquor market in Australia. Whatever the cause, it gives Roger Corbett, CEO of Woolworths, 10,722 extra reasons to smile every day.
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