Woolworths buys 31 hotels in NSW, including pokies
Woolworths’ hospitality arm ALH Group has signed long-term leases and acquired the businesses and associated assets of 31 hotels and one detached bottleshop in NSW for $500 million from the Laundy, Waugh and De Angelis groups. The deal also strengthens Woolworths’ position as the country’s biggest owner-operator of poker machines, lifting the number of machines under its control to 13,480. [source]