TRADING UPDATE
After a steady start in January, trading momentum has built throughout the quarter. I note that our restaurants have traded steadily throughout the quarter with members taking advantage of the membership renewal promotion. Another positive outcome has been the substantial reduction in creditors throughout the quarter. All bank covenants have been met.
The new Government laws to combat drunken violence in the CBD area have impacted our Club. The Government Lockouts from 1:30am, introduced on 10 February 2014, has affected our Club gaming resulting in a reduction in Gaming revenue of $780,000 per annum for 2014 and beyond.
CTC is the only club in New South Wales that has to accommodate this new law due to our location within the CBD (new Sydney CBD entertainment precinct) and due to our extended trading hours that we offer to members and guests. After nine (9) weeks of reduced trade, we have allowed for a $780,000 reduction in Gaming revenue per annum at this stage. We believe this amount will increase over time.
The Club has received many comments from members and guests who have been refused entry after 1:30am since commencement. They very openly comment that they will now change their habit and no longer visit CTC but will now visit the Casino or a number of other clubs or pubs who operate outside of the new Sydney CBD entertainment precinct. They have shared the names of all venues that they intend to visit.
CTC intends to alert the NSW Government of this situation that is occurring, as we believe that this was not the Government’s intention. We hope that in time this situation is rectified by way of equal legislation for all entertainment venues, including clubs and pubs!
This situation reflects again the importance of the Club’s proposed Airspace Development for the future of our Club!
ANNUAL GENERAL MEETING
Don’t forget that the Club’s Annual General Meeting (AGM) will be held in the Celebrity Room on Tuesday 27 May 2014 at 6:00pm.
If you are able to attend, please do so. The Club’s Annual Report and Statement of Accounts for 2013 and the outlook for 2014 and beyond will be presented.
The Business of the 2014 Annual General Meeting is also advertised in our magazine.
LIFE MEMBERS LUNCH
As usual, a resolution will be put to members at the AGM to elect new Life Members with 40 years continuous membership. If carried, a celebratory lunch will be held for those 193 new Life Members in the Celebrity Room on Friday 30 May 2014 at 12:00pm. At the lunch, Life Member badges will be presented.
This is always a wonderful occasion and our opportunity to recognise and thank those members for their loyalty and support over many years.
COMMITTEE ELECTIONS
The Committee elections will be held in May 2014. This election will again be determined by a postal ballot and the results will be announced on Friday 30 May 2014. I urge all Gold, Silver and Life members to cast your vote.
The nominations for the 2014 Committee Elections close at 5.00pm on Thursday, 24 April 2014. The notice in respect of Committee elections was published in the previous edition of the magazine.
AIRSPACE DEVELOPMENT UPDATE
I would like to thank members for attending the last Airspace Briefing Meeting (4) along with visiting the Club website, and viewing the newly installed Members Information Display Area near the entrance to the Lower Bar. The feedback to date has been very encouraging especially as we enter this exciting time.
I would like to alert members to the next four (4) Airspace Briefing Meetings to occur on 15 April, 20 May, 27 May and 26 June 2014. Members will have the choice to attend the final Airspace Briefing Meeting during the evening on 26 June or the day time on Monday 30 June.
Please note the date changes for Airspace Briefing Meeting 5 to 8, along with the proposed members vote period.
I would like to refer all members to pages 8 – 21 of our magazine for more information on the proposed development including indicative floor plans of the future Club, member communication dates for all remaining meetings along with the proposed voting timelines.
The Club will endeavour to meet the proposed timelines, however, these dates maybe extended to ensure members receive all pertinent information regarding the proposed development.
TIERED LOYALTY SYSTEM
In 2014 the City Tattersalls Club will be launching a four tiered loyalty program called ‘Stature Rewards’. The name ‘Stature’ refers an achieved level of status.
Stature Rewards will provide members with a rewards program including earning bonus points and benefits which recognises members’ spend throughout the entire Club departments ie. Food / Beverage / Boonoona Ski Lodge and Gaming. Members will then be able to redeem their accumulated points through a number of options including food and beverage purchases, Connect EFTPOS Cards, membership renewals or to pay utility bills.
The Stature Rewards Program is to be introduced into the Club from late July 2014 with exciting new promotions on offer. Further details on Stature Rewards can be found on page 22 of our magazine.
MEMBERS’ BADGE DRAW
The $30,000 City Tattersalls Club Members’ Badge Draw has commenced again, with the Jackpot starting at $5,000. Draws will be held every Tuesday and Thursday evenings at 6.30pm and 7.30pm. This will jackpot by $1,000 every week.
If a Badge Draw winner is not selected during the calendar month, then a guaranteed $10,000 Bonus Badge Draw will take place on the last Thursday of the month at 8.30pm. This additional $10,000 will be won on these evenings!
Remember you must be present to win.
EMPLOYEES OF THE 4TH QUARTER 2013
The employees of the 4th Quarter 2013 have been named. The winners for the Front and Back of House quarter were:
Front of House: Mr Will Corbett
Back of House: Ms Adriana Nicolau
I congratulate the winners and all other employees who received nominations for these awards.
BOONOONA SKI LODGE BOOKINGS
There are still vacancies at Boonoona Ski Lodge, but be quick.
All Gold, Silver and Life Members have access to City Tattersalls Club Boonoona Ski Lodge located at Perisher Valley in the beautiful Kosciusko National Park. The Lodge is conveniently located only moments away from the Skitube Terminal, Lifts and Perisher Centre.
For unbelievable value this winter, book now to experience an exciting ski holiday. For more information visit our Ski Lodge page or call the Customer Service Centre on 02 9267 9421.
CONCLUSION
I ask all members to take the trouble to come along to the AGM in May 2014, as well as the various Briefing Meetings to occur up to July 2014. I also encourage all members to participate in the postal elections for Committee in May 2014.
Patrick Campion
Chairman
City Tattersalls Club
