Casino pays huge licence fee
July 4, 2006 on 1:19 pm | In Slot machine articles online |The government of New South Wales, Australia is rolling in cash after its recent licence fee negotiation with the only casino in that state:
“THE State Government will go to next year’s election with … up to $500 million – the up-front fee it is set to receive for the renewal of Star City’s exclusive operating licence.”
Governments can act as they see fit in relation to licencing of gambling products or venues. Ultimately though, as usual its the punters who pay for those licencing fees. The venue must recover the fees somewhere.
“industry sources estimate the average annual revenue from each machine is about $180,000.”
The casino obviously does very well with its pokies. This would equate to around $500 a day in wins per machine. One you take out the usual expenses and taxation, its quite a bit less.
No Comments yet »
RSS feed for comments on this post. TrackBack URI
Leave a comment
You must be logged in to post a comment.
Powered by WordPress with Pool theme design by Borja Fernandez.
Entries and comments feeds.
Valid XHTML and CSS. ^Top^