THE COVE HOTEL

Net EGM- Expenditure
Net EGM expenditure is the total amount lost by players.

Financial Year 2023/24 2022/23 Jul - Dec Jan - Jun Full Year $4,239,332.38 $154,909.58 $4,394,241.96 $4,222,050.76 $3,786,023.22 $8,008,073.98

PLEASE NOTE that the "Net Electronic Gaming Machine Expenditure" amount appearing above is based on data that may not have been fully audited to date. Any changes are unlikely to have a material effect on the figures provided. The data is audited on an ongoing basis during each financial year to produce the annual net expenditure amount appearing above.

Other Details:

Conditions:
For any annual community contribution that is due and payable in 2020, the amount of the community contribution may be deferred until 1 July 2021.


Community contributions:

The applicant must lodge an annual community benefit statement with the Commission. The applicant must comply with the attached undertaking signed by a director of the Applicant on 24 January 2013. Mr Gardner gave evidence that, current community contributions of $7,000 would be increased by the Applicant to $10,000 per annum. Since the hearing the Commission has been provided with written undertaking consistent with Mr Gardner's statement.