The revenue from the sale of the Land Titles Office provides a great revenue opportunity to enable the State Government to buy back pokies in clubs first, followed by the pubs, leaving pokies in the Casino for mostly tourism.
The government already has a buy-back process in place, but it is too slow and needs to be incentivised by the State Government offering higher prices, especially to community and sporting clubs.
For example, if the current buy back price for each pokie machine was increased to say $50,000 (currently around $18,000) many clubs and community orgnisations would take the money and hand back their pokies. The buy back process could incentivise those who buy back early, by reducing the buy back price over time. e.g. rewarding early adopters.
The additional capital from sale of pokies could be used to pay down debt, refurbish and reinvest in revenue generating initiatives. Once the clubs and community groups were pokie free, they would also be eligible for Federal, State and Local grants (many miss out due to ownership of pokies).
The same process (Phase 2) could then apply to pubs.