Bruce Mathieson (businessman)

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Bruce Mathieson
Born1943or1944(age 79–80)

Bruce Mathieson is an Australian businessman, sometimes referred to as a 'billionaire pub baron'. [1] He is known for his influence in the Australian pub, hotel, and gambling sectors. [2] [3] [4]

Contents

His net worth is estimated by Forbes at over $1B. [5] He was born in Melbourne, Victoria.

As of 2022, Mathieson and his family collectively own 45% of all poker machines in the state of Victoria. [6]

He reportedly owns 15% of Endeavour Group, a Woolworths joint venture that owns 340 pubs as well as the Dan Murphy's and BWS liquor chains. [7] In 2022 he retired from directing that group, being replaced by his son Bruce Mathieson Jnr. [7]

Career

Mathieson purchased his first hotel in the mid-1970s, and expanded his portfolio under the Bruce Mathieson Group. By year 2000 he was operating 35 venues in Victoria. [2]

In 2000 he negotiated a joint venture with Woolworths. This venture purchased ALH Group in 2004 for $1.4b. Many of the venues owned by ALH Group controversially operate poker machines. [8] [9] As a result of the venture, Woolworths and Mathieson jointly became the largest pokies operators in Australia. [2] [4]

In 2023 Mathieson took a 10% stake in the Star Casino business. [10] [11] [3]

Personal life

Mathieson has multiple children. His son, Bruce Mathieson Jnr has succeeded him as director of Endeavor Group and ALH Group. [12] [13] He has two daughters, who own a significant number of poker machines. [14] Due to his family members ostensibly owning the poker machines independently, their ownership does not exceed the 35% cap on state-wide poker machine ownership. [15] [14]

See also

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References

  1. ↑ Knight, Elizabeth (2023-03-01). "Why this billionaire pub baron raided Star casino shares". The Sydney Morning Herald. Retrieved 2023-06-17.
  2. 1 2 3 Stacey, Luke (2021-01-10). "Bruce Mathieson". Michael West. Retrieved 2023-06-17.
  3. 1 2 Mayne, Stephen (2023-03-01). "Inside the Mathieson family's latest pokies play". Crikey. Retrieved 2023-06-17.
  4. 1 2 "Rough and ready". Australian Financial Review. 2005-08-04. Retrieved 2023-06-17.
  5. ↑ "Bruce Mathieson". Forbes. Retrieved 2023-06-17.
  6. ↑ Brook, Stephen (2022-09-17). "How one family is buying up thousands of hotel poker machines". The Age. Retrieved 2023-06-17.
  7. 1 2 Brook, Stephen (2022-09-17). "How one family is buying up thousands of hotel poker machines". The Age. Retrieved 2023-06-17.
  8. ↑ Brook, Stephen (2022-09-17). "How one family is buying up thousands of hotel poker machines". The Age. Retrieved 2023-06-17.
  9. ↑ Mayne, Stephen (2023-03-01). "Inside the Mathieson family's latest pokies play". Crikey. Retrieved 2023-06-17.
  10. ↑ Knight, Elizabeth (2023-03-01). "Why this billionaire pub baron raided Star casino shares". The Sydney Morning Herald. Retrieved 2023-06-17.
  11. ↑ "Aussie pub and poker machine baron becomes Star Entertainment Group's largest shareholder". IAG. 2023-03-03. Retrieved 2023-06-17.
  12. ↑ Foote, Callum (2022-12-23). "Pub billionaire's Endeavour sails into Captain Cook storm". Michael West. Retrieved 2023-06-17.
  13. ↑ "Last drinks for Rich Lister Bruce Mathieson snr at Endeavour". Australian Financial Review. 2022-06-24. Retrieved 2023-06-17.
  14. 1 2 Mayne, Stephen (2023-03-01). "Inside the Mathieson family's latest pokies play". Crikey. Retrieved 2023-06-17.
  15. ↑ Brook, Stephen (2022-09-17). "How one family is buying up thousands of hotel poker machines". The Age. Retrieved 2023-06-17.
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