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March results of recent gaming machine operating authority tenders

5 April 2013

Below is a summary of the latest results from the March 2013 Public Trustee sale of gaming machine operating authorities for hotels.

This time around, prices increased for South-East ($78,468 - up 17%) but decreased for both Coastal ($52,694 - down 7%) and Western ($31,092 - down 10%).

The clearance rates were high for South-East (113 out of 113 sold) and Western (9 out of 10 sold) but low for Coastal (31 out of 96 sold).

Tender Date

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Feb-11

Jul-11

Nov-11

Mar-12

Jun-12

Nov-12

Mar-13

South East

Number Sold:

15 (132)

23 (152)

48 (166)

57 (189)

7 (143)

5 (151)

117 (148)

31 (131)

0 (0)

47 (134)

234 (311)

113 (113)

Average Price:

$124,667

$123,487

$112,708

$112,491

$90,174

$80,000

$91,378

$99,432

N/A

$86,767

$67,152

$78,468

Coastal

Number Sold:

7

16

15 (26)

10 (19)

12 (61)

8 (113)

3 (129)

40 (122)

53 (82)

28 (77)

58 (148)

31 (96)

Average Price:

$90,214

$111,650

$97,130

$72,800

$74,275

$72,500

$75,100

$64,780

$65,600

$64,465

$56,548

$52,694

Western

Number Sold:

0 (31)

0 (37)

3 (37)

0 (34)

0 (52)

27 (61)

5 (34)

24 (39)

4 (5)

11 (11)

13 (13)

9 (10)

Average Price:

N/A

N/A

$22,000

N/A

N/A

$18,704

$19,000

$18,184

$25,000

$33,700

$34,412

$31,092

Contribution to CIF

$1.0M

$1.4M

$2.1M

$2.2M

$458K

$446K

$8.3M

$3.8M

$1.1M

$2.2M

$7.2M

$7.1M

Figures include GST and are prior to payment of government charges.  The figures in brackets indicate the total number of operating authorities available.

 

For more information, please contact:

Curt Schatz | Partner
Mullins Lawyers
t +61 7 3224 0230
f +61 7 3224 0333
cschatz@mullinslaw.com.au 

 

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