ILGA re-commence assessing GME application, but flexing their muscle

On the 20th September the Court of Appeal upheld an appeal by the Independent Liquor and Gaming Authority (ILGA) against a decision of the NSW Supreme Court involving applications/approval for certain gaming machine transfers and threshold increases.

Copy of the Decision Independent Liquor and Gaming Authority v Whitebull HTL Pty Ltd; Independent Liquor and Gaming Authority v Area Hotel UT Pty Ltd; Independent Liquor and Gaming Authority v The Griffith Hotel Pty Ltd - NSW Caselaw Judgement Summary Judgment_Summary_ILGA_v_Whitebull.pdf (mcusercontent.com)

A brief summary: ILGA won … the Liquor Act and Gaming Machines Act are interrelated and as such ILGA has DISCRETIONARY power to impose conditions on a Liquor License to provide harm minimisation for gambling.

Early reports suggest that ILGA in approving any new gaming applications are demanding license conditions that are extremely restricting on operators – even those venues that have no evidence of patron gambling harm.

For the tiny GME marketplace this has further restricted demand … no one wants to make an application to be hit with the ILGA conditions. Low to no demand has created a buyers’ market. GME values are very fluid today.

If you are looking to increase your GME holding then please contact us for up to date values.

Nicholas Tinning 0417 252199