HARITOS’ VERANDAH SOLD IN RECORD TIME
In what could be record short time on the market, Dean Haritos has signed over the deeds to his booming Verandah Hotel to an unnamed “well-known Sydney hotelier”. The price was reported to be “comfortably in excess” of the $9
NEW NSW LICENCE SCHEME SMACKS DOWN LATE AND ‘RISKY’ PUBS
Liquor & Gaming NSW has sent a clear message with its new ‘risk-based’ licensing scheme – be good, or potentially pay 4,000% more for a hotel licence. The annual liquor licence fee scheme was reviewed last year by the Hon.
OLGR WARNS OPERATORS ON RISE OF PUB POKER
The rules around in-venue poker tournaments in Queensland have changed, and pubs should be wary of abiding by OLGR’s revised conditions. Poker tournaments have been operating in Queensland for over a decade under a ‘freeroll’ model that prevented operators from
BEER WEEK EVENTS TO BE BOON FOR SYDNEY PUBS
The new and evolved Sydney Beer Week will be back for 2017, and organisers are calling for venues to board the hop train and be part of the heady experience. Formerly the Sydney Craft Beer Week, the craft tag has
SWEETER THAN SUGARMILL NEW POTTS POINTS HOTEL NOW OPEN
A new pub group has re-launched Kings Cross’ famous Sugarmill – repositioning it to suit its increasingly gentrified locale as the Potts Point Hotel. Sydney’s original late-night entertainment zone has been decimated by the crowd-killing effects of the controversial ‘lockout’
CHARGES AND HEFTY FINES FOR CORKMAN PUB ‘COWBOY’ DEVELOPERS
Two men and a company – branded the cowboy developers – have been hit with 16 charges over the illegal demolition and goat rodeo of the former Corkman Irish pub, in Carlton. The drama began with a fire in the
OUTBACK ICON ON MARKET FOR LAID-BACK $1.2m
One of the outback’s famous curiosity pubs – just 17 hours north of Adelaide – has hit the market, with an asking price of $1.2 million. The Mungerannie Hotel is the stuff of legends, comprising a pub, dining room, accommodation,
COST OF POWER HAS DOUBLED FOR BUSINESSES: ENERGY COMMITTEE
Recent findings by the Turnbull government’s Energy Committee show the cost of electricity has more than doubled for most businesses since 2007. As the Liberal and Labor parties debate the merits of reviving coal as a short-term solution versus investing
WAUGH RETURNS, BUYING RIVERSDALE’S TOXTETH
As Marly bar is poised expectantly on the market, Riversdale has sold another off-market, with Mitchell Waugh’s Public House Management Group snatching Mitch’s first love, Glebe’s The Toxteth. Australian Pub Fund (APF) was formed by investors and business celebrities John
IRVIN HOTELS BUYS HOMESTEAD TAVERN AS SPANKIE EXITS
Another Sydney hotelier has bought big in Brisbane, with Joe Irvin picking up the “trophy asset” Homestead Tavern for $15.6 million. The ongoing shortage of opportunities in Sydney and Melbourne is driving more publicans up the coast, finding value in