The state of Victoria is about to undergo some interesting changes to its local poker machine market. A new legislation will have pub owners taking over full ownership of their pokie machines, so companies like TabCorp and Tattersall will no longer be responsible for them.
It is an interesting approach that the local government is taking, in an attempt to benefit pub owners across the state. Since they rely greatly on profits generated from poker machines, politicians want to ensure that potential pokie and gambling reform will not hurt pub and club owners.
By protecting pub owners, the local government hopes to keep the economy intact. Gambling at clubs and pubs contributes a great deal of revenue to the area of Victoria. These clubs also employ more than 25 000 workers; if they were to close due to pokie reform, a large portion of the community would become unemployed.
As part of the new deal, taking over the ownership of the machines will mean that pub owners will be able to take home all profits generate by poker machines (with a portion going to the local government). On the other hand, they will also be responsible for things like maintenance and marketing, responsibilities previously handled by TabCorp, Tattersall and other poker machine manufacturers.