IT WILL be a matter of short-term pain for long-term gain if the committee of the Hastings Cricket and Football Social Club recommendation succeeds in placing the organisation into a voluntary creditors wind-up at a special general meeting next month.The committee has spent months trying to find a pathway forward from a dire financial situation caused by the venue’s gaming machines, but now believes the wind-up is the only way out. Declining use of the machines coupled with soaring government charges and taxes on gaming have changed the profits from the machines into losses, with attempts to negotiate with the…
Wednesday, November 13
