Gambling giant Tabcorp seeks rent relief

According to the leaked documents, the bookmaker's major tabcope has requested landlords for rental leave for six months after the 4. 500 gambling store has been closed due to the blockage of Cobid 19.

According to a notification of 374 landlords of Tabcope obtained by Saturday Paper, the company is investigating a serious service interruption based on the "events that have no unexpected drinks due to the epidemic of Cobid 19."

In the notification, the tabcope has requested an extension of rent and commissions for six months from April 1 to September 30.

This benefit provides companies with important support and capital so that the company can resume after consumer trust has been restored. It can be restarted after consumer trust has recovered. "

Tabcope can save about $ 20 million by completely canceling all 374 leases. Pubs and clubs also have 4, 000 wasted gambling halls.

While tabcorp and other gambling industrial supporters are trying to make this decline permanently, experts will not be isolated by online gambling booms eventually. I'm worried.

According to Associate Professor Charles Livingston, a gambling specialist at the Monash Research Institute, psychological and social stress due to deterioration of Coronavirus could be a prerequisite for hig h-risk and adaptation to gambling.

If pubs and clubs are closed for six months, poker machine owners will be lost $ 7. 5 billion, but Associate Professor Living Ston expects some of the profits to leak online. In addition, the online gambling industry is expected to be a relentless advertising strategy, mentioning that it is already considered the third and fourth customers of television advertisements.

"In reality, online gambling can get a stable cash flow, so we will do our best to advertise the market and attract new players," he said.

For Tabcope, this year's start was low. Since mi d-February, the company has been decreasing by 40 % since last year, as the Corona virus has been stopping sports code in Australia and around the world due to the epidemic of Corona virus.

A few days after Tabcope announced that the total profits over the si x-year to December 31, 2019 had increased by 4 and 4 % to $ 2. 91 billion.

If you have a "bond", it will not end, this autonomous, they will be invalid or blocked. This is why ads go on the Richter scale for online gambling. "

In March, the company, nevertheless, paid a unique merchant to Frank, completely Frank, a proprietary type of 11 cents for promotion.

Later, on Tuesday, Tabcorp announced by the end of June of more than 700 employees and another 160 technical contractors.

The news was focused on the day when Prime Minister Scott Morrison announced a paid lease integrated code applied to tenants of small and mediu m-sized enterprises over $ 50 million.

In this term, the landlord is obliged to reduce rent due to the decline in corporate profits, and there is no need to evacuate the tenant. In addition, tenants have no obligation to keep rental conditions. The rules encourage fair negotiations, and if there are no opportunities to agree with the parties, they should undergo integrated mediation.

The threshold of $ 50 million per year is used in grou p-level retail groups and is not used in individual stores, so the tabcope is not affected by this code.

Other large companies trying to produce a harsh bargaining with landowners-for example, Solomon Lou's retail company "Premier Investment Mentz" has announced a closure of more than 850 stores and has refused to pay in the recession. But I will not pay yet.

However, Premiere said that the basics of psychiatric norms apply to all affected companies.

Tabcope sales are 50 % for lottery and keno, 39 % global information, and 11 % for games.

Based on the hal f-term financial results, the cuts of lottery and ken showed a profit of $ 1. 58 billion to 12, 4 %. The recorded jackpot power ball, which is $ 150 million, has definitely contributed to the acquisition of 300 million additional players.

On the other hand, in betting and media speeds, including TotAlliizers and rate invitations, which have a fixed coefficient for jumps, sports, and 3 TV channel skiringing, decreases by 3, 7. 8 billion in discretionary costs. Suddenly dropped into the dollar.

Games, offer, and provision, which I like to predict an electric slot machine and invite the supply of slot machines and systems, has already felt a problem in one half of this year, and the profit is $ 149 million. 4 % decreased. It is expected that the collonavirus damage will continue due to the closure of the poker business.

Sydney's commercial landowner Kon Lupis has a dozens of rental contracts, and TAB is one of the tenants in the Malicville.

Tabcope asked him to exempt the rent of $ 75, 000 for six months.

"They are stupid," Lupis told Saturday paper.

Lupis said that it was okay to reduce the rent to a small and mediu m-sized business tenant, but was struggling to get the $ 5. 5 billion tabcope sympathy.

"Lupis said," I have reduced my rent by 55 % and the hair salon is closed, so I am doing as much rent as I can to work in the future. But if they go bankrupt, they will increase.

According to Saturday Paper, some of the people who have been demanding rent reduction from tabcores have retired from their sel f-sufficiency. The rent of TAB is the only income and cannot receive pensions due to the value of the property owned by the couple.

Tabcope's spokeswoman emphasized that he would not comment on the company's commercial agreement, but would be happy to discuss his alternatives with the landlord if there were any questions about the current commercial conditions.

"We will continue to promise to actively cooperate with all stakeholders to survive the Cobid 19 period as strong as possible," a spokeswoman said.

An independent Federal member Andrew Wilky, an independent supporter of the gambling reform, questioned whether the giant giant had a moral basis for demanding care.

"It's ridiculous that Tabcorp shouts poverty and expects to stop leasing. However, many suicides, many home violence. "

Tabcope's spokeswoman emphasized that the company is working on gambling issues.

"Most people are gambling with responsibility and we support the freedom to make their own choices. Gambling can be a problem for some people, and we are in our company. Con Lupis, a commercial landowner of Sydney, has a variety of tools that support customers, such as a betting limit, payment restrictions, and a “Ikburu” function that can suspend your account. With a rental contract, Tab is one of the tenants in the Malicville.

Tabcope asked him to exempt the rent of $ 75, 000 for six months.

"They are stupid," Lupis told Saturday paper.

Lupis said that it was okay to reduce the rent to a small and mediu m-sized business tenant, but was struggling to get the $ 5. 5 billion tabcope sympathy.

"Lupis said," I have reduced my rent by 55 % and the hair salon is closed, so I am doing as much rent as I can to work in the future. But if they go bankrupt, they will increase.

According to Saturday Paper, some of the people who have been demanding rent reduction from tabcores have retired from their sel f-sufficiency. The rent of TAB is the only income and cannot receive pensions due to the value of the property owned by the couple.

Tabcope's spokeswoman emphasized that he would not comment on the company's commercial agreement, but would be happy to discuss his alternatives with the landlord if there were any questions about the current commercial conditions.

"We will continue to promise to actively cooperate with all stakeholders to survive the Cobid 19 period as strong as possible," a spokeswoman said.

An independent Federal member Andrew Wilky, an independent supporter of the gambling reform, questioned whether the giant giant had a moral basis for demanding care.

"It's ridiculous that Tabcorp shouts poverty and expects to stop leasing. However, many suicides, many home violence. "

Tabcope's spokeswoman emphasized that the company is working on gambling issues.

"Most people are gambling with responsibility and we support the freedom to make their own choices. Gambling can be a problem for some people, and we are in our company. Kon Lupis, a commercial landowner, has provided a variety of tools that support customers, such as a betting limit, payment restriction, and a “Ikbu” function that can pause your account. Tab is one of the tenants in the Malicville.

Tabcope asked him to exempt the rent of $ 75, 000 for six months.

"They are stupid," Lupis told Saturday paper.

Lupis said that it was okay to reduce the rent to a small and mediu m-sized business tenant, but was struggling to get the $ 5. 5 billion tabcope sympathy.

"Lupis said," I have reduced my rent by 55 % and the hair salon is closed, so I am doing as much rent as I can to work in the future. But if they go bankrupt, they will increase.

According to Saturday Paper, some of the people who have been demanding rent reduction from tabcores have retired from their sel f-sufficiency. The rent of TAB is the only income and cannot receive pensions due to the value of the property owned by the couple.