QLD Poker Machine Tender #48 (Pubs) - Tender Results

QLD Poker Machine Tender #48 (Pubs) Tender Results

By Steve Gagel, Director of Business Services and Taxation

The Qld Office of Liquor and Gaming Regulation has opened the tender for the latest round of gaming authorities (last tender and value in brackets), being:

• NO MARKET South East ($197,937 in tender 47)
• $122,516 Coastal (Up from $122,250 in tender 47 or 0.22%)
• NO MARKET Western ($17,061 last value in tender 45)

Steady value Coastal region, in line with expectations and consistent with the increasing value of hospitality assets in a low interest rate environment. All authorities cleared in the region.

South East and Western regions no supply – with both regions only having 3 markets out of the last 6 tenders.

Strong performance of gaming across QLD definitely supporting values on gaming assets with increases in value of authorities in the last two years below:

2021 Year End (Snap COVID-19 lockdown(s) affected)

• 27.79% best
• 16.82% average
• 5.58% worst

2020 Year End (Initial COVID-19 lockdown affected)

• 14.27% best
• 8.65% average
• 3.03% worst

Historical data on prior tenders can be found here.