Nsw Poker Machine Revenue Recognition
Nsw Poker Machine Revenue Recognition
CLUBS across NSW are being forced to slash grants to community groups because of a drop in poker machine revenue linked to new antii-smoking laws. By Chris Barrett September 16, 2007 - 12:00AM. Note: Due to the impacts of the COVID restrictions, the NSW Government allowed for a deferral of tax payments in the last instalment period. Tax adjustments for 2019-20 are yet to be finalised hence the gaming machine reports by LGA for clubs and hotels for 2019-20 will be reissued when the tax information becomes available.
Nsw Poker Machine Revenue Reports
New data released on September 30 has revealed that COVID-19 closures had a significant impact on poker machine use across the Goulburn region. READ ALSO: Community organisations can now apply for new clubgrants funding The report, released by Liquor and Gaming NSW, outlined the latest gaming machine data across the state. From December 1, 2019 to May 31, 2020 clubs in the Goulburn Mulwaree and Upper Lachlan Local Government Areas totalled $5,548,005.88 in net profit from 386 electronic gaming machines over seven premises. From January 1, 2020 to June 30, 2020 hotels in the Goulburn Mulwaree brought in a net profit of $1,690,742.18 from 105 electronic gaming machines over eight premises. These figures were down compared to reports released last year. Goulburn Mulwaree clubs from June 1, 2019 to November 30, 2019 took in $9,010,970.66 net profit and paid $1,513,664.24 in tax. Hotels in Goulburn Mulwaree and the Upper Lachlan were also impacted. For the period of July 1, 2019 to December 31, 2019 they recorded $3,102,265 in net profit and paid $782,489 tax. CHECK OUT: Cannabis lands Goulburn motorist in court for the fourth time A Liquor and Gaming NSW spokesperson said the net profit figures across NSW showed significant decreases in gaming machine profits. 'This coincides with restrictions placed on gaming venues as a result of the COVID-19 Public Health Orders, including a 10-week closure of all gaming venues from March 23 to May 31,' they said. State-wide compared to the previous six-month period: Compared to the same six-month period across NSW in 2019: Tax adjustments for 2019-20 are yet to be finalised. READ MORE: Woman urged to take the reins in agricultural leadership