In 2002 The NSW Government created the tradable Poker Machine Entitlement
This is administered through the Gaming Machines Act 2001 http://www.austlii.edu.au/au/legis/nsw/consol_act/gma2001130/
This very complex Act together with the Regulation determines how Poker
Machines can be traded between hotels.
Block = 3 PME's with one of the three forfeited to the government
For the seller:
Entitlements are divided into country and city.
Country Hoteliers are limited to selling 1 Block to a City Hotelier every
365 days. (Current value $360,000)
Country Hoteliers (with 8 or less PME's) are limited to sell 1 single
country PME to another country hotel every 365 days with no forfeiture.
(Current value $130,000)
Country Hoteliers are permitted to sell as many blocks to other Country
Hoteliers at any time. (With forfeiture) (Current Value $260,000)
Hoteliers may combine "orphan" entitlements to comprise a block with