Andrew Wilkie in his latest media release reckons the Federal Group is “set to pocket an enormous $18
million windfall if the Liberals win government.”
The figure is $75 million.
There’s obviously a bit of misunderstanding about how the Libs’ pokie
industry welfare policy works. The value of pubs and clubs with pokies will
receive a boost with increased pokie commission. If the venues are given
licenses for a set period, then the amount of those future commissions will
reflect in enhanced capital values of venues. If the licenses are in perpetuity,
then the value of pubs and clubs with pokies will increase by $250 million.
tuned into the latest Love Your Local promo on the LYL facebook page featuring
the Beach Hotel Burnie. It was surprisingly frank. Whilst it only gave half the
story that half was reasonably truthful. But telling only half the story can be misleading.