ILGA re-commence assessing GME application, but flexing their muscle:
On the 20th September the Court of Appeal upheld
an appeal by the Independent Liquor and Gaming Authority (ILGA) against a
decision of the NSW Supreme Court involving applications/approval for certain
gaming machine transfers and threshold increases.
Copy of the Decision Independent Liquor and Gaming Authority v Whitebull HTL Pty
Ltd; Independent Liquor and Gaming Authority v Area Hotel UT Pty Ltd;
Independent Liquor and Gaming Authority v The Griffith Hotel Pty Ltd - NSW
Caselaw Judgement Summary Judgment_Summary_ILGA_v_Whitebull.pdf (mcusercontent.com)
A brief summary: ILGA won … the Liquor Act and Gaming Machines
Act are interrelated and as such ILGA has DISCRETIONARY power to impose
conditions on a Liquor License to provide harm minimisation for gambling.
Early reports suggest that ILGA in approving any new gaming applications
are demanding license conditions that are extremely restricting on operators – even
those venues that have no evidence of patron gambling harm.
For the tiny GME marketplace this has further restricted
demand … no one wants to make an application to be hit with the ILGA
conditions. Low to no demand has created a buyers’ market. GME values are very
fluid today.
If you are looking to increase your GME holding then please
contact us for up to date values.
Nicholas Tinning
0417 252199
