Business
NSW restrictions ‘too tough’ says pub baron Arthur Laundy – The Australian Financial Review
Pub veteran says the limits imposed on venues are too strict as Laundy Hotels sells one of its assets, the Swansea Hotel, for $20 million.
Pubs in NSW must also comply with the one-person-for-every-four-square- metres rule and implement a COVID-Safe plan.
Mr Laundy estimated takings were down 15-20 per cent over the first few months of the new financial year.
“It’s been an ordinary start to the year for us,” he said.
Despite the tough conditions, Mr Laundy said he had been reluctant to sell the Swansea Hotel, which was bought by local North Coast group Hunter Hotels, expanding its portfolio to nine venues.
He said it was a fami…
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