QLD Poker Machine Tender #47 (Pubs) - Tender Results

Poker Machine Tender #47 (Pubs) Tender Results By Steve Gagel, Director of Business Services and Taxation

The Qld Office of Liquor and Gaming Regulation has released the result of Tender #47 (mid last week):

• $197,937 South East (Up from $178,603 in tender 46 or 10.83%)
• $122,250 Coastal (Up from $105,002 in tender 46 or 16.42%)
• NO MARKET Western ($17,061 last value in tender 45)

Increasing value in the South East and Coastal regions are in line with expectations and consistent with the increasing value of hospitality assets in a low interest rate environment. All authorities cleared in both regions. Western region still no supply and it will be interesting to see if the increase in other regions coaxes out some supply in the next tender (July 2021).