The Fyansford Hotel in Geelong is about to undergo a multi-million dollar renovation. In addition to create a new dining spa, outdoor patio and playground area, the venue also wants to install a new area for gambling. According to reports, the development company, PJ Cook Investments, will not go through with the renovation unless the proposal for the new poker machines is approved.
Currently the proposal is with the Victorian Commission for Gambling and Liquor Regulation, and the Fyansford owner is hopeful that the request will be okay’d by the committee. The proposal risks being rejected if the council finds that the new machines would bring the city over its cap. However, PJ Cook claims to have bought the pokies at an auction.
As such, they previously existed in the city and would not exceed the current cap on the number of poker machines allowed in Geelong. The renovations to the dining and accommodation of the Fyansford Hotel would help the venue increase its profitability, but introducing gambling would make the real difference.
Over the course of the past year, Geelong residents spent $50 million on pokies, and the owner of the Fyansford would like to see a portion of those profits.