The second stage of poker machine tax increases came into force on September 1, 2005, which will cost an additional $20,000 per week on top of the increase that was applied in 2004.
This additional impost has required the Club to assess and adjust our operations where possible to be less reliant on gaming profits.
In line with this principle, the Board of Management has undertaken a complete review of operations and is considering all opportunities to maximise returns, particularly from capital invested in land and buildings.
Accordingly, the Club has appointed various industry experts to prepare a Masterplan for the Club building and surrounding land and be authorised to consult with Council so that we may assess future opportunities.
The planning process is well advanced and when completed, members will be provided with all details and given an opportunity to view project plans.
Renovations to start early in 2006
The Club buildings are now over 40 years old and the roof areas urgently need repair. Any major project will require this work to be addressed in the early stages.
The Board of Management is committed to properly appraising any major project to ensure it will be designed to meet objectives and be properly funded.
In the meantime the Board of Directors has approved plans to renovate the catering and function areas on the first floor.
Subsequently, the Grange Restaurant and Heritage Room will be closed on January 1, 2006.
Work will commence with the necessary repairs to the roof with renovated first floor areas to be completed by April or May, 2006. The renovated areas will be more purpose built for functions and will allow the Club to comply with smoking restrictions.
When completed the Club will continue to provide improved catering services to members for all occasions and, in the meantime, members and their families are invited to use the Bistro facilities.
I look forward to providing more information and detailed plans of the Club's projects in the next issue of the Journal.
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