Pokies restrictions voted down at Woolies meeting

A MOVE to amend the Woolworths constitution to place limits on poker machine bets has failed.

An extraordinary general meeting was sparked by activist group GetUp!, which got about 200 members who own Woolworths shares to back it.

Woolworths shareholders were asked to vote on a motion that, amongst other things, would have require the company to put $1 spin restrictions on its poker machines.

However, only 2.53 per cent of shares were voted in favour of the resolution, with 97.74 per cent of shares voted against.

Woolies is Australia's single biggest pokies operator, with 6 per cent of the country's poker machines through its hotels joint venture, Australian Liquor and Hospitality.

Read more at ABC news online.


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