Sporties records loss
A loss of more than $1.5 million for the Sporties Group in the past financial year is a ‘disappointing’ result, according to officials who assure the organisation is moving forward.
The loss was noted in the business’ annual report, which was discussed at the annual general meeting on October 21.
Chief executive Rod Carmody, who took over the reins in October after stepping up from his position as chief financial officer, said it was the organisation’s first recorded loss in its 35-plus-year operation.
He said the result was disappointing for outgoing chief executive Greg Ryan and board president Rob Jones.
‘‘Our gaming revenue ($9,086,337) was down by four per cent and catering was down by five per cent across the group,’’ Mr Carmody said.
‘‘We also had $700,000 more in depreciation, as we revalued our assets, which increased it from $1.6 million to $2.3 million, which has definitely had an effect on the business.’’
However, Mr Carmody said there were a number of avenues the business was taking to mitigate the losses, including the appointment of a new operations manager, who is expected to start later this year.
A new head chef also started three months ago.
New point-of-sale and IT systems will also be introduced as part of making things easier for staff members and the club will engage with more people through a new television advertising campaign.
‘‘We want to show people we’re still here and what we’ve been doing,’’ he said.
The group will also review its gaming operations into the future to cater for changing methods of gaming.
‘‘We’re looking at forming a strategy for the next generation as to the way we operate because we know the way people are gaming is changing, with online, etc,’’ Mr Carmody said.
‘‘We’ll also be looking at catering for younger ages across the whole club.’’
The annual report also notes the organisation is planning to sell 33 of its poker machine entitlements before December.
Membership at the club increased during the past financial year, rising from 376,889 members to 382,339.
A breakdown of figures for each arm of the business in the report shows that Barooga Sports Club noted a profit of $1.46 million, and a profit of $24,442 at the Barooga Sports Bowls Club.
However, losses were recorded at the Sporties Cobram Barooga Golf Club (-$400,000), Golf Club Motel (-$16,137), Sporties Health and Fitness Centre (-$164,668) and Berrigan Sports Club (-$21,144).
‘‘We’ll be looking at the operations of the group and how we can improve with each of the facilities,’’ Mr Carmody said.
Long serving member Ray Nye has retired from the board after 33 years’ service, while Glen Brooks has been appointed president after Rob Jones stepped down.