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Offline PoisonPen7

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« 2020-Apr-15, 03:00 PM Reply #425 »
Don't you mean "Glen Innes & District Services Club"?.

That's the one Geoff.

Been there many a time. They make a nice meal.


Offline Bubbasmith

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« 2020-May-02, 12:17 PM Reply #426 »
Mona is gambling on spring opening

MATTHEW DENHOLM


Mona’s David Walsh is personally underwriting his closed art gallery for another six months, but its longer-term future is uncertain as he suffers a hit to his gambling earnings and places a hotel development on hold.

Mark Wilsdon, co-chief executive of the Museum of Old and New Art in Hobart, told The Weekend Australian that while they hoped for a spring reopening, the world-renowned museum, gallery, food and alcohol business faced the same existential threat as others, should the lockdown go much longer.

“That (permanent closure) is the pipeline we’re looking down at the moment, for a lot of us,” Mr Wilsdon said. “The JobKeeper payments and stimulus has been well received … and state government moved quickly (with) some good initiatives. But ultimately it’s the market that needs to look after itself from a tourism perspective.”

If Mona was unable to open by summer, drastic action to reduce costs or raise capital would be “things on the horizon that we need to be aware of”, he said.

Mr Walsh, whose fortune was built on gambling using computerised mathematical systems, was underwriting hibernation costs for “six to nine months” from its closure on March 18. The gifted mathematician, whose business injects a vital $135m into the Tasmanian economy each year, was providing support to 40 foreign visa holders on Mona’s staff from his own pocket, at least until June 30.

However, Mr Wilsdon revealed Mr Walsh’s gambling income had been “squeezed” by COVID-19. “That’s as unknown as everything else as to when that recovers and what quantum that gets back to,” he said. “Horses aren’t running at every track around the world and the scale of the (gambling) pool is diminished … So their (Walsh’s gambling syndicate’s) activities have also been fairly significantly impacted.”

His team was “preparing scenarios” to “support a quick pivot to whatever reopening is”. This could mean initially opening to Tasmanians only, or staggering numbers in sections of the complex.

Construction of a $400m hotel at Mona had been due to begin next March, but was now on hold. And this winter’s Mona-linked Dark Mofo festival has been cancelled. Mr Wilsdon said planning for the January Mofo was under way but it was unlikely to include overseas artists.

Nothing in there about kickbacks  :chin:

Offline Tracksuitdave

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« 2020-May-02, 03:57 PM Reply #427 »
Zeljko started draining relatively small amounts of cash (for him anyway) out of Colossusbets well over two years ago. Then in May 2018 he lost out on the franchise for UK oncourse pool betting (Britbet). The interesting part of the Britbet failure was that he was outbid on offering a relatively small guarantee to the racecourses. When I say outbid it's used loosely as his offer was zilch!

So whilst his anonymous much quoted 3rd cousin twice removed described our man as a "multi billionaire" it certainly dosen't match up with the reality on the ground. Colossusbets his flagship project has a balance sheet which has been technically insolvent for many years. You would think that a multi billionaire would simply inject more capital in order to assist his hapless sidekick Bernie Marantelli as he flogs this particular dead horse. Marantelli has been tasked with cracking the new US sports betting markets and to date he has certainly cracked North Dakota by offering them a greyhound betting pool which has completely flopped in the UK. You couldn't make this stuff up and I haven't   :biggrin:  

So if Walsh is relying on Zeljko's commercial acumen to save MONA that looks like an interesting and developing situation.

NB. On your kickbacks point there are deep rumblings from some US syndicates about the extra 2 or 3 points that Zeljko has been getting. Wheels are being set in motion to challenge the probity of the man who killed Tote Tasmania and has just repeated the same trick on the Irish Tote  :biggrin:
« Last Edit: 2020-May-02, 04:01 PM by Tracksuitdave »


Online jfc

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« 2020-May-11, 01:34 PM Reply #429 »
Z+W are about to be offered a casino licence at MONA.

When you consider the exploits of Alan Woods and David Steicke in moving money around you have to wonder at the money laundering implications.

It also doesn't appear to be too hard to ensure the venture doesn't pay any significant tax. Simply allow certain blackjack players to play in favourable decks and thus offset any huge house profits from losing players.

But considering how some now describe them as philanthropists and that it will be regulated by the Tasmanian Gaming Commission surely there's no need to worry.

Offline PoisonPen7

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« 2020-May-11, 02:35 PM Reply #430 »
Z+W are about to be offered a casino licence at MONA.

When you consider the exploits of Alan Woods and David Steicke in moving money around you have to wonder at the money laundering implications.


You must have been watching Ozark on Netflix   :lol:

Offline Tracksuitdave

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« 2020-May-13, 02:53 AM Reply #431 »
There is a trail stretching all the way back to the VITAB fraud that says Zeljko aint a fit person to run a pub raffle :beer: Within the last year Zeljko using his John Wilson alias has been caught red handed misleading US regulators. Should a man using two different names who is hiding behind multiple brass plate corporations be allowed to run a casino :chin: The answer is obviously no so expect more hippy dippy newsbites from Walshy to distract attention :spam:

Offline wily ole dog

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« 2020-May-13, 09:25 AM Reply #432 »
You must have been watching Ozark on Netflix   :lol:

Just finished season 3. Now the long wait  :lol:

Offline Gintara

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« 2020-May-14, 04:02 PM Reply #433 »
Just finished season 3. Now the long wait  :lol:

Just started season 3  :clap2:

Loving it  :thumbsup:

Offline Entropy

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« 2020-Jun-20, 10:39 PM Reply #434 »
Do you still have that copy of the "Peter principle" David?..... Someone needs it old boy.


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