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QLD Poker Machine Tender #46 (Pubs) Tender Open
By Steve Gagel, Director of Business Services and Taxation
The Office of Liquor and Gaming Regulation has opened the tender for the latest round of gaming authorities (last tender and value in brackets), being:
Pub authorities
Supply returns to the South East Region, first time in twelve months. Expect a sharp increase in price and if history is a guide will see a 38% increase (as in tender #32 after two tenders without supply) or up to $250k.
Coastal Region had one buyer in the last tender that was focussed on getting machines – do not think he is finished so expect the price to remain historically high. Largest supply in a couple of years may temper the price.
Club authorities
- 25 South East ($181,000 - tender #43)
- 39 Coastal ($101,250 - tender #45)
- Nil Western ($17,061 - tender #45)
Supply returns to the South East Region, first time in twelve months. Expect a sharp increase in price and if history is a guide will see a 38% increase (as in tender #32 after two tenders without supply) or up to $250k.
Western Region is the only region with no supply of authorities – off the back of weak demand and prices.
Still no movement or mention from the Queensland Government and uncertainty continues to impact on investment decisions in both pub and club sectors in relation to the sourcing of authorities from the current caps (expected to come from the Club sector). Will be interesting to see how the market reacts when this position is finally released. With the Qld election out of the way and Covid under control it will be interesting to see how quickly Labor move on this issue.
If you intend to bid in the Pub Tender, please ensure you have lodged your completed form (along with the lodgement fee of $68) in the tender box (facsimile, post or email not acceptable) with the Public Trust Office, Ground Floor, 444 Queen Street, Brisbane prior to 5pm Wednesday 25 November 2020.
For more information, click here.