Village halts plans for more Topgolf centres

Original article by Max Mason
The Australian Financial Review – Page: 15 : 17-Jan-19

Village Roadshow is believed to have put the rollout of its Topgolf venture on hold. Village Roadshow opened the first of eight propose Topgolf venues in mid-2018, but the company is said to have halted the rollout until the performance of the Gold Coast venue can be ascertained. Meanwhile, Village Roadshow’s deputy chairman John Kirby is pushing for asset sales and the removal of executive chairman Robert Kirby and CEO Graham Burke.

CORPORATES
VILLAGE ROADSHOW LIMITED – ASX VRL, TOPGOLF, WET `N’ WILD WATER PARK, K CAPITAL PTY LTD, ARNOLD BLOCH LEIBLER

It’s official: golf is good for you!

Original article by Roy Morgan Research
Market Research Update – Page: Online : 17-Nov-16

A Roy Morgan Single Source survey has found that 9.3% of Australians aged 18+ (just over 1.7 million) play golf either regularly or occasionally, putting it among our 10 most popular forms of exercise. The survey also shows that between July 2015 and June 2016, 25.8% of Australian adults reported experiencing stress at some point in the preceding 12 months; 18.3% reported having anxiety; 15.1% had depression; and 5.4% suffered at least one panic attack. Among people who play golf, these figures fell to 22.5% for stress, 11.9% for anxiety, 8.7% for depression and 3.0% for panic attacks. The data also reveals that even watching golf on TV appears to have a positive effect on the viewer’s mental health, with golf viewers reporting below-average incidences of anxiety, depression, panic attacks and stress.

CORPORATES
ROY MORGAN RESEARCH LIMITED