Dutchy wrote:MST wrote:Pretty obvious I would have thought. Consumers tend to shy away from establishments where a recent violent robbery took place. The people in the bar/pokies at the time, some of whom would have been regulars, would have been spooked for a while too I dare say.
That being said, perhaps the quote of '100's of 1000's' in revenue dollars may have been a little exaggerated, but it would have had an impact none the less.
Thanks MST, can understand that to a degree but hundreds of thousands seems a bit over the top...does insurance cover this type of thing?
Actually I think I might have taken something the wrong way. I'm as amazed as anyone when it comes the money put through poker machine establishments on a weekly basis and in the Unley area (so not just SFC), it appears the average throughput is something like $250K-$450K per week. Now I'm guessing they're talking an establishment and not per gaming machine.
I repeat they are not SFC figures, I believe we're about midway in that range...
That of course, is not pure profit, its probably not even revenue, but rather the money being pumped into the machines, of which some 90% or more is probably returned to gamblers and the rest becomes revenue, which is then cut down to gross profit and then net profit. I'm sure someone on here knows about this way more than me, so the point here is with 4-6 weeks worth of turnover affected you are talking big bucks.
If that turnover is halved, then you're talking a reduction of $150K or so per week... now only a percentage of that affects the bottom line, so in this instance maybe it wouldn't have returned us to a break even point, but it would obviously have made the bottom line better had it not happened.