The introduction of Approved Amusement Devices, followed by Poker Machines, within the Hotel Industry in NSW has been instrumental to the revival of hotels / pubs as a dominant force within the business sector of NSW over the last decade.

As a result of the amended legislation, introduced to the liquor act, with respect to gaming, in April 2002, allowing tradability of Poker Machine Entitlements and Permits – there has been / and is continuing to be a redistribution of the finite regulated Poker Machine resource which is in place within the Hotel Industry of NSW.

However, there is a high degree of market volatility currently, due to factors such as the following:

• Uncertainty with respect to future market Prices – either up or down.
• Ownership of Entitlements and ongoing high profile legal matters.
• Possibility of changes to legislation.
• SIA thresholds.

As a result most people impacted by the above fall into one of the following 3 categories:

1. In no hurry – sit and wait and watch the market (short term and / or long term).
2. Some hoteliers with too many Poker Machines are liquefying the considerable equity they have wrapped up in the Entitlements or Permits attached to these assets.
3. Whilst others are committing capital to the purchase of more Entitlements and / or Permits.

At John Parsons Hotels we have been meeting the needs of our Poker Machine clients since tradability started.

So whether you wish to Buy, Sell, Discuss Your Options or just have a General chat about Poker Machines and / or related Gaming matters, contact us at your earliest convenience, and we will be happy to help.