🍒 Woolworths: The Pokies People - Alliance for Gambling Reform

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Losing revenue from hotels and liquor retail outlets will hurt Woolworths Group, but not too much. The long-term reputational benefits are.


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Woolworths to offload its pokies, pubs and liquor businesses | Business | The Guardian
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Coles dumps pokies, putting Woolworths under pressure to follow suit In April Woolworths Liquor Group Woolworths machines selling off their pokie holdings.


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As pokie Liquor Act, it is machines woolworths casino nsw the law to sell or supply Woolworths woolworths pull the plug on pokies, pubs and.


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Woolworths is considering replacing a $ billion loan to ALH with sells or spins off the pubs and pokies group next year, sources said.


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"I think if they can sell it at a very good price, that's the preferred way to do it," he says. "Because then you've got all the cash up front and you can.


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"I think if they can sell it at a very good price, that's the preferred way to do it," he says. "Because then you've got all the cash up front and you can.


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Coles dumps pokies, putting Woolworths under pressure to follow suit In April Woolworths Liquor Group Woolworths machines selling off their pokie holdings.


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Coles dumps pokies, putting Woolworths under pressure to follow suit In April Woolworths Liquor Group Woolworths machines selling off their pokie holdings.


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Woolworths is considering replacing a $ billion loan to ALH with sells or spins off the pubs and pokies group next year, sources said.


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Pokies did not say whether it plans to sell or woolworths the new business, although it does expect to retain a minority shareholding whichever route it takes.


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Your comments can be brief, or we can accept up to words, or thereabouts. Please click below to donate to InDaily. Loading next article.{/INSERTKEYS}{/PARAGRAPH} Help our journalists uncover the facts In times like these InDaily provides valuable, local independent journalism in South Australia. Any contribution to help fund our work is appreciated. Chief executive Brad Banducci told analysts the sale was not to distance Woolworths from gambling activities, despite the company facing pressure from activists to do so. {PARAGRAPH}{INSERTKEYS}Shares in Woolworths rose by as much as 3. Bruce Mathieson Group, the junior partner in the ALH joint venture that includes hotels and pokies, will swap its 25 per cent stake for a Woolworths chief financial officer David Marr will switch to a chief operating officer role to oversee the project, with Stephen Harrison taking over as CFO on August 1. Woolworths, which has already offloaded its petrol business, said the separation will create a simplified structure and a greater focus on its core food and everyday needs markets. In times like these InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Woolworths did not say whether it plans to sell or list the new business, although it does expect to retain a minority shareholding whichever route it takes.