More panic at City Tatts

You might be interested in the latest panic at City Tatts.

 

It seems that the trading position of the Club got so bad on the weekend that they did not have enough cash to pay winners on the pokies. And we mean winnings of a few hundred dollars.

 

This caused staff to go round emptying the machines in a mad panic. Even with that, members still had to be paid by cheque.

 

How is it possible for a club that makes a profit of $20 million on pokies to be in such dire straits?

 

And what about the management who are paid a fortune to run the Club and have brought it to this position:

  • The financial controller, Mark Cooper, is paid $200,000 a year. Isn’t it time someone called him to account for the Club’s finances?
  • The CEO, Tony Guilfoyle, is paid $600,000 a year. But he is rarely in the Club and takes very little interest in how it is going.

 

The person who should be asking the questions is the Treasurer, Jimmy Chen, elected by the members to safeguard the finances of the Club. Unfortunately Jimmy rarely knows what’s going on and even if he does ask he is fobbed off with lame excuses by management.

 

 

 

City Tatts Information Desk

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