Despite a great deal of shareholder support, anti-gambling group GetUp cannot compel Woolworths to hold an extraordinary general meeting (EGM) to discuss the issue of imposing $1 betting limits on its pokie machines. As such, the issue will only be presented at the company’s scheduled general meeting in November.

Earlier this year, GetUp launched a petition that would have Woolworths hold an EGM this summer to discuss the potential of equipping its machines with betting limits. 210 shareholders signed showed their support, even though only 100 signatures were required. After presenting the petition to Woolworths, the gaming operator challenged the EGM request – and won.

Woolworths argued that the EGM on betting limits should be held at the same time as its scheduled general meeting in November. If it were to host an EGM before then, it would take a great deal of time, effort and money to inform shareholders of the new meeting date. The Federal Court felt that Woolworths made a valid point, and the company’s challenge was successful. However, this is not a complete setback for GetUp.

The EGM will be held on the same date as the scheduled general meeting, at which point Woolworths will consider imposing $1 betting limits.

About the Author

George Anderson
Author George, has over 25+ years’ experience in the Pokies and Casinos industry throughout Australia and New Zealand. Loves to research new Pokies games on the block and follows announcements from top industry providers about their upcoming releases. As soon as a new interesting pokie game appears on his radar, George is there to check it out and give you the scoop before anyone else and tell you about all casino sites where can play the latest game. Before this gig, George worked as Pokie game tester, making him an ideal candidate for this genre of work. He is also an animal lover and a proud owner of three dogs.