Newspaper article The Queensland Times (Ipswich, Australia)

Profit from Pokies Dips in New Year; but Spending Surges at Shops

Newspaper article The Queensland Times (Ipswich, Australia)

Profit from Pokies Dips in New Year; but Spending Surges at Shops

Article excerpt

POKIES revenue plunged considerably last month, despite many predictions the government's Christmas bonus to pensioners would go straight down the slot.

Ipswich RSL Services Club recorded a seven per cent drop in sales for January with average monthly takings about $2.75 million.

Club president Peter Felton said the drop last month proved pensioners and low income earners had not spent their $1000 cash bonus at the pokies, but instead injected it into the economy.

"I'm not really concerned with the drop, our takings always fluctuate," Mr Felton said.

"However, it does show the billions of dollars didn't make it to us and probably not most poker machines like people thought."

Revenue from gaming machines did, however, go up about $750,000 in Ipswich in December to $6,488,633.38 - one of the highest months of the year and much higher than the same time in 2007.

"Ours did go up in December too, but it was about the same as previous years for us," Mr Felton said. …

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