Woolworths truly seems to want to take over the land-based gambling market in Australia. The operator currently owns more than 15 000 poker machines across the country and has purchase 6 new pubs to help boost this number. These acquisitions are taking place as part of Woolworth’s joint venture with Australian Liquor and Hospitality.
The company owns 75% of the organization, and no seems to the be ideal time to expand its reach in Australia’s land-based gaming market in pubs and clubs. The recession has caused many pub owners to put their property on the market or make them willing to sell when approached by a large company like Woolworths.
While independent owners have struggled to keep the businesses afloat, a corporation should have no problem doing so, taking advantage of the revenue generated by poker machines. So, now seems to be ideal to press Woolworths to impose betting limits. Over the course of the past few months, GetUp! has approached the company about placing $1 betting limits on its machines.
With Woolworth’s acquiring new pokies, it seems appropriate for the company to comply.