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Australian gaming, igaming, racing and overall business
sector continues to evolve, as the old adage of only
the strong will survive continues to hold true. Media
Man and Gambling911 crack the whip at the Aussie racing
and pokies sector with this special report...
illustrious Melbourne Racing Club has further ramped
up its business interests , solidifying its future,
with a $50 million fab deal to buy what is understood
luck seven pubs. In the purchase the MRC will pocket
ownership of up to 380 pokies aka "one arm bandits".
Something tells us the 'Virtual Racing' and 'Gone
To The Races' slots are going to be the most popular,
but old favorites 'Cleopatra Queen Of The Nile', 'Penguin
Pays', and 'Black Rhino' are going to be hard to beat.
Aussie punter's are also calling for a 'Monopoly Slot'
Players And Deal Makers Inc
- was receiver and manager PPB on behalf of former
owner Rick Munday.
(National Australia Bank) is the primary lender (appointed
PPB after loans were not paid).
well known and cashed up racing finally bit the bullet
and got knee deep in the pokies sector. They will
own the leasehold on the popular hotels strategically
scattered around Melbourne.
Munday family had to sell up after what you could
call overcapitalising, a time when the world's financial
sector started bleeding.
PPB was appointed to sell the portfolio in April,
when it was discovered Mr Munday could not participate
in the Victorian government's well publicized auction
of 27,500 or so gaming licences...breaking up the
Tabcorp and the Tatts Group duopoly and virtual strangle
hold on the sector.
including to accommodate for smoking laws are partly
responsible for the blow out in financials.
agent, Mr Musca lists the following in the portfolio:
Golden Nugget Hotel in The Players, Court Jester,
Golden Fleece, The Sugar Gum, The Cove, and The Grand.
in a global financial crisis, there's big winners
and losers, and the Australian racing industry is
doing what it needs to do to shore up its future.
If it means them getting into bed with pokies and
the like, that's what they will do. Media and racing
identity Alan Jones has called for unity in the sector.
further aboard in France PartyGaming has shored up
its deal with PMU (Pari Mutuel Urbain). Party is incorporating
its online poker product - solution into the deal.
think the France - Party deal may have lit a fire
in the belly of Australian racing and tipped them
it was time for some off track action, if they are
to survive in the long haul. Credit where credit is
Man is preparing a proposal for "the powers that
be" in and around the current Asia Pacific racing
sector to further shore up their financial future.
and Media Man remind readers to bet with your head,
not over it, and have fun.
Tingle is a special contributor for Gambling911
is primarily a media, publicity and internet portal
development company. Gaming inc sports betting and
racing, is just one of a dozen business sectors covered.
Man does not represent Melbourne Racing Club
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is the second most populous city in Australia, with
a metropolitan area population of approximately 3.81
million (2007 estimate).
around Port Phillip Bay in Australia's south-east,
Melbourne is the state capital of Victoria. A person
from Melbourne is called a Melburnian.
a major centre of commerce, industry and cultural
activity. The city is often referred to as Australia's
'sporting and cultural capital' and it is home to
many of the nation's most significant cultural and
sporting events and institutions. It has been recognised
as a gamma world city by the Loughborough University
group's 1999 inventory. Melbourne is notable for its
mix of Victorian and contemporary architecture, its
extensive tram network and Victorian parks and gardens,
as well as its diverse, multicultural society. It
was the host city of the 1956 Summer Olympics and
the 2006 Commonwealth Games.
was founded by free settlers in 1835, 47 years after
the first European settlement of Australia, as a pastoral
settlement situated around the Yarra River. Transformed
rapidly into a major metropolis by the Victorian gold
rush in the 1850s, 'Marvellous Melbourne' became Australia's
largest and most important city by 1865, but was overtaken
by Sydney as the largest city in Australia during
the early 20th century.
served as the federal seat of government from the
time of the new nation's federation in 1901, until
Federal Parliament moved to the purpose-built capital,
Canberra, in 1927. (Credit:
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