Our Brave Leader, in his guise of number 1 pom-pom girl for the gaming industry has proudly announced that aside from stuffing his own party’s coffers with loot the licensed clubs have splashed around $12.5 million of gambling revenue to “the community”.
“The community” being the mates, associates, and relatives of the licensed club operators of course.
Mr. Stanhope tells us that 11.06% of net gaming revenue was poured out of the trough compared to the 7% they were required to pay for the right to be gaming moguls.
By my calculations that means the clubs tricked $113 million out of those Canberrans too stupid to do high school maths last year. Then they gave back a very small fraction of that money to their chosen favourites (plus a fair wedge of tax let’s be fair). This doesn’t sound like a great deal for the community for all that I don’t mind guzzling the cheap beer at the Dickson Tradies.