Bulldogs Leagues club is richest NSW club!!!!!

[Fully Sik Drop kick]

Measly payout

By SIMON BENSON

February 14, 2006

THE top 25 clubs in NSW raked in close to $1 billion in pre-tax profits from gaming machines alone last year, according to figures released for the first time.

However, the contributions they gave back to the community amounted to less than $25 million - more than half of which was repaid to the clubs in Government rebates.

The release of the figures comes on the back of a new $427 million pokie tax offer which would see the tax rate for clubs making more than $20 million drop from 40 per cent to 36 per cent.

This would, on average, save larger clubs around $1.5 million a year.

Clubs earning under $1 million in gaming profits will pay not tax at all.




The new deal will further eat into the state's already weak budget position.

The gaming profit results and community contribution figures for all clubs have been published on the Department of Gaming and Racing website for the first time, following new laws allowing their release.

The wealthiest club in the state was the Bulldogs League Club which alone made $69 million last year in pre-tax pokie profits.

It gave back $1.14 million to the local community - on top of the $5 million it gives directly to the football club.
Of the non-sporting clubs, Rooty Hill RSL was the greatest money spinner, pulling in $50 million from pokies and making $900,000 in contributions.

The 25 clubs, the majority of which are in Sydney, make up a quarter of all club gaming profits.

However, the clubs claim the figures are misleading because they do not take into account wages paid, subsidised food and beverages and tax.

ClubsNSW said in total, $100 million was paid in community contributions from the state's 1400 clubs.

"The clubs' philosophy is not about making a profit," ClubsNSW spokesman Jeremey Bath said.

"Its about affordable entertainment for the community."

ClubsNSW will seek unilateral endorsement from the clubs to reject the deal at a meeting on Wednesday and threaten to campaign against the Government ahead of the next election.

The Opposition has promised to freeze the pokie tax rate at 2005 levels.

_______________________________________________________

Clubs pre-tax profit and community contributions 2005

Bulldogs Leagues Club
- $69 million - $1.1 million

Mt Pritchard Community Club
- $64.5 million - $2 million

Bankstown District Sport Club
- $60.9 million - $2.9 million

Parramatta Leagues Club
- $51.3 million - $798,000

Rooty Hill RSL
- $50.3 million - $907,000

Penrith Leagues Club
- $49 million - $1.7 million

South Sydney Juniors Leagues Club
- $39 million - $2.3 million

St George Leagues Club
- $39 million - $572,000

Cabra Vale servicemens
- $38.1 million - $631,000

Western Suburbs Leagues Club (Ashfield)
- $32.5 million - $563,000

St Johns Park Bowling Club
- $31.6 million - $478,000

Blacktown Workers Club
- $30.3 million - $1 million

Mingara Recreartion Club (Tumbi Umbi)
- $29.6 million - $631,000

Revesby Workers Club
- $29.6 million - $647,000

Club Marconi
- $28.3 million - $564,000

Dee Why RSL
- $28 million - $721,000

Twin Towns Services Club
- $26.9 million - $440,000

Wentworthville Leagues Club
- $26.8 million - $735,000

Western Suburbs Leagues Club (Campbelltown)
- $26.1 million - 539,000

Eastern Suburbs Leagues Club
- $26 million - $684,000

Liverpool Catholic Club
- $25.9 million - $723,000

Campbelltown Catholic Club
- $25.2 million - $1.7 million

Canterbury Hurlstone Park RSL
- $24.5 million - $370,000

City Tattersalls Club
- $24.4 million - $351,000

St Mary's Rugby Leagues Club
- $24.2 million - $712,000

Central Coast Leagues Club
- $22.9 million - $481,000

North Ryde RSL
- $20.7 million - $466,000



http://www.dailytelegraph.news.com.au/story/0,20281,18134931-5001022,00.html

 

[Winston Smith]

surely some of the money can be used to fix belmore.

 

[~doggie~diva~]

cha chingggggg!!!

 

[D0ggyStylz]

surely some of the money can be used to fix belmore.

Great idea. Have the leagues club buy it and fix it up and allow the dogs to play there when the contract expires with telstra

 

[jimmy_the_greek]

thats good to hear
it would be good to fix belmore up with some of the money but i doubt it will happen......

 

[habs]

The football club gets $5 million only, which is pocket money when weighed up against $70 million.

 

[Tony_the_beat]

The wealthiest club in the state was the Bulldogs League Club which alone made $69 million last year in pre-tax pokie profits.

thats ridiculous. i cant beleive how many people spend so much money on pokies *shakes head*

what is this world coming to??

 

[DJ1]

Ridiculous spin on the story.

Firstly, they are looking at pre-tax "profits" for pokie revenue only. Pre-tax profits from gaming is a taxation evaluation figure used by the government and not an actual Club operations profit result.

The club has to pay $27.6M of this to the government.

The club also has other running costs which are paid for out of the "pokie profits" once they become consolidated revenue that the club can use.

e.g. (Example figures only)

Pokie "Profits" $69M

Govt cut $27.6M

Club operational costs $35M

Football club grant $5M

Other community programs $1.14M


That leaves about $1-2M left over in this example

 

[Winston Smith]

Ridiculous spin on the story.

Firstly, they are looking at pre-tax "profits" for pokie revenue only. Pre-tax profits from gaming is a taxation evaluation figure used by the government and not an actual Club operations profit result.

The club has to pay $27.6M of this to the government.

The club also has other running costs which are paid for out of the "pokie profits" once they become consolidated revenue that the club can use.

e.g. (Example figures only)

Pokie "Profits" $69M

Govt cut $27.6M

Club operational costs $35M

Football club grant $5M

Other community programs $1.14M


That leaves about $1-2M left over in this example

what's the tax percentage 33%??? or 35 %??? that's pretty steep

 

[½]

Club operational costs $35M

really? really??

 

[DJ1]

what's the tax percentage 33%??? or 35 %??? that's pretty steep

40%


With a proposal to move it down to 36%

 

[DJ1]

really? really??

That's under $3M per month in total running cost.

What do you think just the electricity bill would be for the place? It would have to be at least $500K per month.

How many employees?

Even the meals would be subsidised with pokie revenue.

 

[½]

are fatcat salaries included in those operational costs?

 

[DJ1]

are fatcat salaries included in those operational costs?

All costs are "fatcat" salary inclusive.

 

[K E]

Back to number one aye?

Take that Mounties!

 

[K E]

Bulldogs Leagues Club
- $69 million

Eastern Suburbs Leagues Club
- $26 million

OWNED!

 

[Cookie^Monstah]

1 has to wonder if some of this dosh is gunna be spent on better health management for its football players....hmmmmmmm...me thinks not....