OFFICIAL Wests Tigers Unite: Call to Arms

[cdinoz007]

Obviously this is readily available to any HBG member over the last 5 years.

But probably most aren't members.

If you google search "Holman Barnes Group Financial Results" you'll find they are in the public domain

No, I'm not a HBG member

 

[cdinoz007]

If you google search "Holman Barnes Group Financial Results" you'll find they are in the public domain

No, I'm not a HBG member

Just like if you Google Search for their constitution and their by laws.... Also in the public domain

 

[TigerJunior4]

I’m sure you do mate. So how do you know these details?

As part of the Amalgamation

Markets Club - 60
Wests Ashfield - 475
Croydon Sports - 45

Before Five Dock closed in 2018 there were a further 30 (these ones I understand were sold,)

When Rozelle closed in 2010 there were just 75 machines left

Now, the entitlements.... In other words, the licences to operate a machine, across the entire portfolio, the HBG owns just shy of 800 entitlements.

All if this information is in the annual reports from the Holman Barnes Group andfreely available information on the internet

Ah so you’re a HBG lackey. Makes sense

 

[cktiger]

Balmain were insolvent so the Wests group were under no obligation to offer them any ownership stake..........so in that sense it was a gift.

Just like Balmain were under no obligation to save Wests when they were being booted from the competition?

 

[cdinoz007]

Ah so you’re a HBG lackey. Makes sense

Good name calling there.

No. I'm a Wests Tigers member who takes an interest in the owners of my club.

And have done for many years ...

 

[cktiger]

60 Pokies if you'd like to be accurate. These are the ones at the Markets Club. There were machines in store from when 5Dock closed, these were old and were sold as part of the debt settlements.

HBG did acquire 180 pokie machine entitlements with a balance sheet value of about $2.5m (which includes the 60 physical machine entitlements)

You don’t think that value of $2.5 million would have recouped a lot more over the years as they were updated?
And why would they agree to sell the 60 machines in storage when they could have just replaced them with new ones?

 

[Magpie_Magic]

Just like Balmain were under no obligation to save Wests when they were being booted from the competition?

Different circumstances.

That was prior JV.

But benevolence should exist in a harmonious partnership.

 

[Tucker]

Some of those stating this debate is not Balmain vs Wests are being totally disingenuous.
You only have to read a couple of pages for this to become apparent.

 

[Magpie_Magic]

You don’t think that value of $2.5 million would have recouped a lot more over the years as they were updated?
And why would they agree to sell the 60 machines in storage when they could have just replaced them with new ones?

You'd also know machines in storage can't be fully replaced.

 

[cktiger]

Different circumstances.

That was prior JV.

But benevolence should exist in a harmonious partnership.

Of course it was prior to the joint venture… Wests were out the door and there would no joint venture without Balmain saving them from extinction.
You don’t think that was in any way benevolent?
And yes, I know Balmain weren’t flying high, but they were guaranteed a spot.

 

[cdinoz007]

You don’t think that value of $2.5 million would have recouped a lot more over the years as they were updated?
And why would they agree to sell the 60 machines in storage when they could have just replaced them with new ones?

Pokie entitlements value is set by the govt. It's not like a "highest bidder" value.

The entitlement is like the licence to run a machine. They haven't changed in value much at all over recent years

And don't confuse a physical pokie machine (the device you throw your money in) with the licence you need to run one!

Most clubs generally have more entitlements than they do machines

 

[cktiger]

Pokie entitlements value is set by the govt. It's not like a "highest bidder" value.

The entitlement is like the licence to run a machine. They haven't changed in value much at all over recent years

And don't confuse a physical pokie machine (the device you throw your money in) with the licence you need to run one!

Most clubs generally have more entitlements than they do machines

I wasn’t referring to the licences increasing in value but how much money is generated by them.
If you’ve got a licence it’s usually followed by a physical poker machine
And any club that can fit them in puts those licences to use.

 

[cdinoz007]

I wasn’t referring to the licences increasing in value but how much money is generated by them.
If you’ve got a licence it’s usually followed by a physical poker machine
And any club that can fit them in puts those licences to use.

Things to learn about gaming. More machines doesn't always equate to more money!

Spacing machines out, having the right machine in the right location

A close friend is a gaming manager of a large club. Over COVID, they took machines out for spacing reasons. In a move that shocked, gaming revenue increased

 

[cktiger]

Things to learn about gaming. More machines doesn't always equate to more money!

Spacing machines out, having the right machine in the right location

A close friend is a gaming manager of a large club. Over COVID, they took machines out for spacing reasons. In a move that shocked, gaming revenue increased

There are lots of things that help machines bring in money including their positioning, the types of machines, your clientele and, of course, the club itself.
It’s a fact though that the big clubs with lots of pokies make the big bickies.
Some use it wisely and some don’t.

 

[cdinoz007]

There are lots of things that help machines bring in money including their positioning, the types of machines, your clientele and, of course, the club itself.
It’s a fact though that the big clubs with lots of pokies make the big bickies.
Some use it wisely and some don’t.

Indeed

But you will find most clubs have more pokie entitlements than they have physical machines

 

[WestsEffTheRest]

Some of those stating this debate is not Balmain vs Wests are being totally disingenuous.
You only have to read a couple of pages for this to become apparent.

But this whole thing has nothing to do with Balmain or Wests. People (mainly 2 users) keep turning it into this issue over & over again.

 

[gallagher]

Some of those stating this debate is not Balmain vs Wests are being totally disingenuous.
You only have to read a couple of pages for this to become apparent.

The ones who state it the most are the ones who actually encourage it. IMO

 

[Tucker]

But this whole thing has nothing to do with Balmain or Wests. People (mainly 2 users) keep turning it into this issue over & over again.

There are more than those two.

 

[gallagher]

There are more than those two.

The podcast with Wayde started with a teaser of him stating that HBG may bring back the magpies and the petition called out 2 boardmenbers as magpie die-hards.
It was designed as wests v balmain from the start and got the desired effect. It got views and signatures.

 

[hammertime]

I think if you ran a poll, most here would be happy for balmain seat on the board to disappear. They don't deserve it. They ran themselves into the ground.

HBG fund balmain league. They are jointly named after a balmain legend. They represent balmain today more than balmain as far as I'm concerned.

Balmain does not carry any significance anymore.