What has happened?
Recent amendments to the Gaming Machine Act 1991 have resulted in:
- smaller Clubs (with less than 30 gaming machines) being able to temporarily lease gaming entitlements from another Club;
- Clubs being able to purchase gaming entitlements from other Clubs; and
- Clubs being able to purchase, by way of tender, a number of the 512 unallocated gaming entitlements held by the State Government.
How can we help?
Norton Rose has proven experience in working with Clubs in the hospitality, liquor and gaming industry. A member of our team worked closely with the State Government and Clubs Queensland on the drafting of the "Standard Agreement" and application forms referred to in the OLGR's Guideline for the Transfer of Gaming Machine Entitlements between Clubs.
As an element of value can now be attributed to gaming entitlements it is essential that transactions for the temporary or permanent transfer of gaming entitlements are appropriately documented. The Queensland Office of Liquor and Gaming Regulation recommends that Clubs obtain legal advice before entering into a gaming entitlement transfer arrangement.
If your Club is planning on purchasing, selling or leasing gaming entitlements please call.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
