Jacaranda Advisory

Industry Update - April 2012 - No. 90

Gaming revenue growth for April 2012 has been flat.


QLD Gaming Revenue Trend
Total State net metered win in Queensland gaming venues in April 2012 has increased by $945,236 or 0.6% when compared to April 2011.

The difference in State net metered win for April 2012 and April 2010 shows an increase of 6.8%  

A detailed breakdown by statistical division for April 2012 is as follows:



The resource rich areas of Fitzroy, Mackay, North West, and South West continue to experience increases when compared to April 2011.

Brisbane, Central West, Far North, Gold Coast, Northern, Sunshine Coast and West Moreton all show a decrease in the metered win from April 2011 to April 2012.

Month on month gaming growth by area for the last 12 months is highlighted below.

 

Apr 10 -
Apr 11

May 10 -
May 11

Jun 10 –Jun 11

Jul 10 –Jul 11

Aug 10 –Aug 11

Sept 10 – Sept 11

Oct 10 –Oct 11

Nov 10 – Nov 11

Dec 10 – Dec 11

Jan 11 –Jan 12

Feb 11 – Feb 12

Mar 11 – Mar 12

Apr 11 – Apr -12

 

 

Brisbane

6.0%

3.0%

4.9%

2.8%

5.0%

3.8%

0.9%

1.8%

5.0%

0.5%

2.3%

3.8%

-0.9%

Central West

-4.7%

-3.1%

2.5%

11.1%

7.3%

-10.6%

0.0%

5.1%

-1.1%

50.4%

0.5%

32.9%

-1.3%

Darling Downs

8.7%

6.8%

12.0%

7.6%

10.1%

8.2%

2.3%

4.2%

5.0%

-1.0%

4.9%

4.3%

1.7%

Far North

14.5%

11.9%

8.6%

5.7%

9.8%

10.4%

8.0%

8.7%

6.0%

-1.0%

-11.3%

0.7%

-1.6%

Fitzroy

12.5%

11.7%

15.5%

14.3%

15.1%

15.0%

15.9%

16.4%

18.1%

9.4%

17.2%

17.5%

13.4%

Gold Coast

3.5%

2.8%

-1.9%

1.2%

1.6%

-0.4%

-1.8%

-0.6%

1.0%

-1.3%

5.9%

3.4%

-1.9%

Mackay

8.7%

11.2%

11.4%

11.5%

12.2%

13.1%

4.4%

7.9%

8.2%

9.2%

20.2%

17.6%

13.8%

North West

4.9%

6.7%

10.1%

5.6%

7.4%

5.4%

4.5%

11.6%

8.1%

6.3%

5.8%

12.5%

8.5%

Northern

12.0%

9.3%

5.8%

1.4%

7.1%

5.2%

1.8%

1.1%

2.9%

0.1%

-14.2%

-3.0%

-3.5%

South West

7.2%

4.4%

0.4%

11.5%

19.7%

12.5%

9.6%

4.1%

9.0%

-6.4%

34.2%

21.1%

13.5%

Sunshine Coast

3.8%

2.2%

1.5%

0.6%

0.8%

2.8%

-2.8%

-1.2%

2.4%

-3.0%

2.7%

1.2%

-0.3%

West Moreton

12.3%

4.3%

0.3%

4.4%

3.7%

4.5%

2.7%

-3.5%

3.3%

-4.3%

-6.1%

-3.3%

-10.4%

Wide Bay Burnett

1.8%

1.0%

2.0%

1.7%

1.9%

1.0%

0.2%

-0.9%

5.2%

-4.9%

-1.6%

5.3%

1.0%

State Total

6.6%

4.7%

4.9%

3.8%

5.6%

4.7%

1.8%

2.7%

5.1%

0.4%

2.6%

4.7%

0.6%


The growth and the decline that the gaming industry (as a result of the 100% non smoking ban introduced 1 July 2006 and economic factors) has experienced since July 2006 on a yearly month on month basis are illustrated in the following graph.



Source: Calculated from Data sourced from the Queensland Government - Office of Liquor & Gaming Regulation


Source: Calculated from Data sourced from the Queensland Government - Office of Liquor & Gaming Regulation


Licensing services
Jacaranda Advisory provides advice if you're wishing to alter your Hotel's or Club's liquor and gaming licensed hours, or acquire a new licensed venue we can assist with the various applications.

We can also assist with new gaming licences, gaming machine site increases (including community impact studies), license transfers, and changes in hours and other requirements.

Tougher economic trading conditions? You need to adapt!
In these tougher economic trading times a number of businesses are seeing one or more of the following decreased revenue, increased costs and decreasing profits.  The answer for most business does not include relocating to a mining area to operate in a buoyant economy.  It is important to be able to recognise the trends, understand those parts of the business and the market place that are being affected, before considering strategies to reverse the negative trends.

In some cases, the strategy will require parts of the business including management and staffing to be restructured or other significant changes.  The business may also be required to "sell" these changes to the various stakeholders such as- customers, financiers, staff, owners, shareholders, members.  A number of businesses undertake this process internally with varying degrees of success. To successfully undertake this internally the business must have the skills and knowledge to do so, be able to be impartial, leave any self interest out of the review and strategy changes, and have a clear understanding of the market and operating environment now and also in the future.

At Jacaranda Advisory we have undertaken a large number of reviews for different business and assisted with future strategies. We are able to offer skills and experience in this area, independence, a knowledge of the market place,  insight how  successful business are addressing some of the issues and  the ability to work with the stakeholders.
Positions Vacant
Club Manager - Fuller Sports Club
Fuller Sports Club has recently undergone expansion and renovation, has 90 gaming machines, in-house catering, bar and function facilities, and is part of Brothers Leagues Club Cairns.

The Club is seeking an experienced Club Manager.

Please email resume to Steve Koman at steve@hmw.com.au

Casual Researchers - Jacaranda Advisory
Jacaranda Advisory requires casual researchers for various assignments.

Please contact Frank Balzary at frankb@hmw.com.au
HMW Partners

HMW Partners is a Jacaranda Advisory related accounting firm, specialising in accounting and taxation advice to the hospitality and tourism industries.  HMW Partners provides:
  • Management accounting services
  • GST reviews - are you claiming all the GST credits you are entitled to?
  • Taxation services - the Firm has recently been successful in applying for a tax ruling for exemptions from income tax for sporting clubs, as well as taxation reviews for ensuring all deductions are claimed
  • Budgeting and forecasting
  • Advice on tax structures, FBT, and other tax issues
  • Finance applications
Tax Tip - Prepayment of Private Health Insurance Premiums

Did you know if you prepay your health insurance before July 2012 you can avoid the reduction in the 30% Private Health Insurance Rebate?

From 1 July 2012, the 30% health insurance rebate will be means tested.  For families earning up to $168,000 and singles earning up to $84,000 the 30% rebate will still apply, however if you fall above these limits, the rebate will start to phase out.

Unchanged

Tier 1

Tier 2

Tier 3

 Singles

$84,000 or less

$84,001-$97,000

$97,001-$130,000

$130,001 or more

 Families

$168,000 or less

$168,001-$194,000

$194,001-$260,000

$260,001 or more

Rebate

Aged under 65

30%

20%

10%

0%

Aged 65-69

35%

25%

15%

0%

Aged 70 or over

40%

30%

20%

0%



Most Private Health Insurance are allowing customers to prepay up to one year of private health insurance before July 2012, meaning they can still receive the 30% rebate as part of their fees.  This can mean a significant saving on the premium for the 2012 year.  

It is suggested you speak with you Private Health Insurance company asap and arrange to prepay your insurance for up to 12 months.


If you would like to discuss any matters please feel free to give us a call on 07 3234 8915 or alternatively email one of the team Frank Balzary at frankb@hmw.com.au, Steve Koman at steve@hmw.com.au, or Sarah Obst sarah@hmw.com.au. We look forward to hearing from you.

Yours Faithfully

Steven Koman
Director

 

 

Contact Us:
Phone: +61 (7) 3367 1994
Email: 
steve@jacarandaadvisorygroup.com.au
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