Collingwood has completely ditched all of their pokies.
The Pies sold the licences of two venues and all of their gaming operations to Melbourne Racing Club last week.
The MRC agreed mid-year to buy the licences for The Coach And Horses in Ringwood and The Club in Caroline Springs, including the 156 pokies in the venues.
“Collingwood has been in a strong financial position but, as of Friday, it is in an even stronger position with the sale of the venues and gaming machines,” Pies president Eddie McGuire said.
“The significant funds flowing from the sale will be put to a Future Fund that, with the continued support of members, will secure Collingwood’s future as a strong, independent and progressive sports club.
“We view this as a prudent commercial decision but also a strategic initiative that allows us to intensify our focus on our responsibilities – Collingwood fans, elite sporting performance and community – and pursue new and different opportunities for growth.”