TORQUAY 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
$1,586,210.08
$1,740,732.28
$3,326,942.36
$1,550,994.04
$1,522,444.52
$3,073,438.56
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.

Address:36 BELL STREET
TORQUAY VIC 3228
    Type:
    Hotel
VO Licence:V17100240
    Region:
    Country
Nominee:Mr TAYLOR, JOEL JOHN
    Local Government Area:
    Surf Coast Shire
Attached Entitlements:45
    Licensed EGMs:
    45

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:

(a) In 2013 there was an increase of 15 EGMs at the Premises (2013 EGMs) and a commitment given to make cash or in-kind contributions annually to the value of $25,000.

(b) The Applicant undertakes to:

continue to make the cash and/or in-kind contributions annually to the value of $25,000 (increased each year by the increase in CPI) for as long as the 2013 EGMs are in operation at the Torquay Hotel; and

make additional cash contributions annually in the sum of $30,000.00 for as long as the Additional EGMs are in operation at the Torquay Hotel,

(collectively the Contributions).

(c) The Contributions will be allocated each year to not-for-profit community and sporting organisations in the Shire of Surf Coast.

(d) Distribution of the Contributions in accordance with condition 2(b) will be determined by a Committee (the Committee) established by the Applicant comprising: two representatives of the Venue Operator; and a community representative nominated by the Venue Operator.

(e) The Committee will advertise annually in a newspaper circulated in the Shire of Surf Coast area for submissions from not-for-profit community and sporting organisations, providing services and facilities to residents within the Shire of Surf Coast regarding the distribution of the Contributions to be made by the Applicant each year. The Committee will assess requests for cash contributions in accordance with guidelines to be established by the Committee.

(f) If distribution of the Contributions does not occur each full year in accordance with the undertakings at 2(b) to (e) above, the operation of the 2013 EGMs and Additional EGMs must cease immediately where the Contributions, or part thereof, remain outstanding.


Works:

(a) The Works (as defined in condition 1(b) below) at the Premises must be substantially completed by the Applicant to the satisfaction of the Commission by the date that is two (2) years after the commencement of the operation of any of the 15 additional EGMs (the Additional EGMs).

(b) For the purposes of this clause ‘Works’ comprises the works, at a cost of not less than $600,000, generally in accordance with those detailed in: Mr Taylor’s Witness Statement at paragraph 24; and the plans prepared by James Dean and Associates Architects, Annexed to Mr Taylor’s Witness Statement.

(c) If the Works referred to are not substantially completed by the date that is two (2) years after the commencement of the operation of any of the Additional EGMs, then the approval to operate the Additional EGMs at the Premises will lapse.

(d) The Commission may, at the request of the Applicant, agree to extend the time for the completion of the Works. Any request for an extension of time must: be made two months prior to the expiry of the time for completion of the Works; and provide an explanation as to why the Works have not been substantially completed.

(e) If the Commission agrees to extend the time for completion of the Works in accordance with clause 1(d) above, the Commission may require that any of the Additional EGMs cease operation during the period of any extension of time granted by the Commission.