--- title: C&N Club Performance Report | September 2023 description: The latest analysis of our clubs’ bar, gaming machine and total revenue for the March 2023 and June 2023 quarters. image: https://www.cutcher.com.au/hubfs/Cutcher_Neale/Clubs_Hospitality/iStock-1290237592.jpg --- [Skip to content](https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023#main-content) [![CN-AFS-WIDE-REV.png](https://www.cutcher.com.au/hs-fs/hubfs/Cutcher_Neale/Images/Logo/CN-AFS-WIDE-REV.png?width=1144&height=171&name=CN-AFS-WIDE-REV.png "CN-AFS-WIDE-REV.png")](https://www.cutcher.com.au) ![](https://www.cutcher.com.au/hubfs/479958/CN%202025%20assets/searchico.png) [Careers](https://www.cutcher.com.au/careers) [Contact](https://www.cutcher.com.au/contact) - [ Services ](https://www.cutcher.com.au/our-services) Show submenu for Services - [ Accounting & Taxation ](https://www.cutcher.com.au/our-services/accounting-and-taxation) - [ Aged Care ](https://www.cutcher.com.au/our-services/aged-care) - [ Business Services ](https://www.cutcher.com.au/our-services/business-services) - [ Business Systems & Software ](https://www.cutcher.com.au/our-services/business-systems-software) - [ Cloud Accounting ](https://www.cutcher.com.au/our-services/cloud-accounting) - [ Financial Planning ](https://www.cutcher.com.au/our-services/financial-planning) - [ Forensic Accounting ](https://www.cutcher.com.au/our-services/forensic-accounting) - [ General Insurance ](https://www.cutcher.com.au/our-services/general-insurance) - [ iMed Insurance ](https://www.cutcher.com.au/our-services/imed) - [ myCEO ](https://www.cutcher.com.au/our-services/myceo) - [ Residential & Commercial Finance ](https://www.cutcher.com.au/our-services/residential-commercial-finance) - [ Risk Insurance ](https://www.cutcher.com.au/our-services/risk-insurance) - [ Superannuation ](https://www.cutcher.com.au/our-services/superannuation) - [ Wealth Management ](https://www.cutcher.com.au/our-services/wealth-management) - [ wealthstart ](https://www.wealthstart.com.au/services) - [ Specialties ](https://www.cutcher.com.au/industries) Show submenu for Specialties - [ Business Management & Advisory ](https://www.cutcher.com.au/industries/business-management-advisory) - [ Construction & Manufacturing ](https://www.cutcher.com.au/industries/construction-and-manufacturing) - [ Dental ](https://www.cutcher.com.au/industries/dental) - [ Legal ](https://www.cutcher.com.au/industries/legal-services) - [ Medical Student & Junior Doctor ](https://www.cutcher.com.au/industries/medical-student-junior-doctor) - [ Personal Wealth ](https://www.cutcher.com.au/industries/personal-wealth) - [ Private Practice ](https://www.cutcher.com.au/industries/private-practice) - [ Senior Doctor ](https://www.cutcher.com.au/industries/senior-doctor) - [ Specialist Medical ](https://www.cutcher.com.au/industries/specialist-medical-services) - [ Software: NetSuite ](https://www.cutcher.com.au/software/erp-solutions-netsuite) - [ Software: Ostendo ](https://www.cutcher.com.au/software/erp-solutions-ostendo) - [ Software: Reporting ](https://www.cutcher.com.au/software/reporting-solutions) - [About](https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023#) Show submenu for About - [ About ](https://www.cutcher.com.au/about-us) - [ Partners & Leaders ](https://www.cutcher.com.au/about/our-partners-and-leaders) - [ In the Community ](https://www.cutcher.com.au/about-us/in-the-community) - [ In the Media ](https://www.cutcher.com.au/about-us/in-the-media) - [ Careers ](https://www.cutcher.com.au/careers) - [ Insights ](https://www.cutcher.com.au/insights-and-news) - [Clients](https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023#) Show submenu for Clients - [ Make a Payment ](https://www.cutcher.com.au/make-a-payment) - [ Secure File Upload ](https://spaces.hightail.com/uplink/CutcherandNeale) - [ CNIS - Class Login ](https://app.class.com.au/my/login?ReturnUrl=%2fconnect%2fauthorize%3fresponse_type%3did_token%26client_id%3d4ffd9652-399b-4ccd-b76c-2d4917bcdd71%26redirect_uri%3dhttps%253A%252F%252Fclient.class.com.au%252Fapp%252Ftokenhandler.html%26state%3d55f506ed-ecc3-4b13-9af3-0709990699f6%26scope%3dopenid%2520fund.read%2520business.fund.list%2520email%2520profile%26x-client-SKU%3dJs%26x-client-Ver%3d1.0.1-class%26whitelabel%3dcutcher%26clientview%3dtrue%26nonce%3de00e410f-6e04-4a1f-8dbe-138c88da8f7f&ReturnCookie=f82536c5-ef49-45c4-9a56-bd819da6276c&whitelabel=cutcher&clientview=true) - [ CNIS - Mason Stevens Login ](https://cutcher.masonstevens.com.au/) - [ SMSF Annual Trust Deed Update ](https://www.cutcher.com.au/cutcher-smsf-annual-trust-deed-update/) - [ Careers ](https://www.cutcher.com.au/careers) - [ Contact ](https://www.cutcher.com.au/contact) - [ Services ](https://www.cutcher.com.au/our-services) Show submenu for Services - [ Accounting & Taxation ](https://www.cutcher.com.au/our-services/accounting-and-taxation) - [ Aged Care ](https://www.cutcher.com.au/our-services/aged-care) - [ Business Services ](https://www.cutcher.com.au/our-services/business-services) - [ Business Systems & Software ](https://www.cutcher.com.au/our-services/business-systems-software) - [ Cloud Accounting ](https://www.cutcher.com.au/our-services/cloud-accounting) - [ Financial Planning ](https://www.cutcher.com.au/our-services/financial-planning) - [ Forensic Accounting ](https://www.cutcher.com.au/our-services/forensic-accounting) - [ General Insurance ](https://www.cutcher.com.au/our-services/general-insurance) - [ iMed Insurance ](https://www.cutcher.com.au/our-services/imed) - [ myCEO ](https://www.cutcher.com.au/our-services/myceo) - [ Residential & Commercial Finance ](https://www.cutcher.com.au/our-services/residential-commercial-finance) - [ Risk Insurance ](https://www.cutcher.com.au/our-services/risk-insurance) - [ Superannuation ](https://www.cutcher.com.au/our-services/superannuation) - [ Wealth Management ](https://www.cutcher.com.au/our-services/wealth-management) - [ wealthstart ](https://www.wealthstart.com.au/services) - [ Specialties ](https://www.cutcher.com.au/industries) Show submenu for Specialties - [ Business Management & Advisory ](https://www.cutcher.com.au/industries/business-management-advisory) - [ Construction & Manufacturing ](https://www.cutcher.com.au/industries/construction-and-manufacturing) - [ Dental ](https://www.cutcher.com.au/industries/dental) - [ Legal ](https://www.cutcher.com.au/industries/legal-services) - [ Medical Student & Junior Doctor ](https://www.cutcher.com.au/industries/medical-student-junior-doctor) - [ Personal Wealth ](https://www.cutcher.com.au/industries/personal-wealth) - [ Private Practice ](https://www.cutcher.com.au/industries/private-practice) - [ Senior Doctor ](https://www.cutcher.com.au/industries/senior-doctor) - [ Specialist Medical ](https://www.cutcher.com.au/industries/specialist-medical-services) - [ Software: NetSuite ](https://www.cutcher.com.au/software/erp-solutions-netsuite) - [ Software: Ostendo ](https://www.cutcher.com.au/software/erp-solutions-ostendo) - [ Software: Reporting ](https://www.cutcher.com.au/software/reporting-solutions) - [About](https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023#) Show submenu for About - [ About ](https://www.cutcher.com.au/about-us) - [ Partners & Leaders ](https://www.cutcher.com.au/about/our-partners-and-leaders) - [ In the Community ](https://www.cutcher.com.au/about-us/in-the-community) - [ In the Media ](https://www.cutcher.com.au/about-us/in-the-media) - [ Careers ](https://www.cutcher.com.au/careers) - [ Insights ](https://www.cutcher.com.au/insights-and-news) - [Clients](https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023#) Show submenu for Clients - [ Make a Payment ](https://www.cutcher.com.au/make-a-payment) - [ Secure File Upload ](https://spaces.hightail.com/uplink/CutcherandNeale) - [ CNIS - Class Login ](https://app.class.com.au/my/login?ReturnUrl=%2fconnect%2fauthorize%3fresponse_type%3did_token%26client_id%3d4ffd9652-399b-4ccd-b76c-2d4917bcdd71%26redirect_uri%3dhttps%253A%252F%252Fclient.class.com.au%252Fapp%252Ftokenhandler.html%26state%3d55f506ed-ecc3-4b13-9af3-0709990699f6%26scope%3dopenid%2520fund.read%2520business.fund.list%2520email%2520profile%26x-client-SKU%3dJs%26x-client-Ver%3d1.0.1-class%26whitelabel%3dcutcher%26clientview%3dtrue%26nonce%3de00e410f-6e04-4a1f-8dbe-138c88da8f7f&ReturnCookie=f82536c5-ef49-45c4-9a56-bd819da6276c&whitelabel=cutcher&clientview=true) - [ CNIS - Mason Stevens Login ](https://cutcher.masonstevens.com.au/) - [ SMSF Annual Trust Deed Update ](https://www.cutcher.com.au/cutcher-smsf-annual-trust-deed-update/) - [ Careers ](https://www.cutcher.com.au/careers) - [ Contact ](https://www.cutcher.com.au/contact) - [Home](https://www.cutcher.com.au/) - [Insights and news](https://www.cutcher.com.au/insights-and-news) - Clubchat_how is your club performing_september 2023 # C&N Club Performance Report | September 2023 ![Restaurant dining and bar area](https://www.cutcher.com.au/hubfs/Cutcher_Neale/Clubs_Hospitality/iStock-1290237592.jpg) Written by **Cutcher & Neale Accounting and Financial Services** Published on **05 October 2023** Updated on **06 March 2024** Time to read ** minutes** [✉](mailto:your@email.com?subject=Cutcher%20Insights&body=https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023) [in](https://www.linkedin.com/shareArticle?mini=true&url=https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023) [X](https://twitter.com/intent/tweet?url=https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023) [f](https://www.facebook.com/sharer/sharer.php?u=https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023) ### How is your club performing? ![% Change of C&N Club Revenue](https://www.cutcher.com.au/hs-fs/hubfs/Cutcher_Neale/Clubs_Hospitality/Club%20Chat%20EDM%20-%20%25%20Change%20of%20C%26N%20Club%20Revenue.jpg?width=1975&height=1192&name=Club%20Chat%20EDM%20-%20%25%20Change%20of%20C%26N%20Club%20Revenue.jpg)   The table above provides an analysis of our clubs’ bar, gaming machine, and total revenue for the latest quarters (March 2023 and June 2023) and the 2021 to 2023 annual results. Comparison over the last three years has been difficult with COVID-19 closures and social distancing impacting results. The 2022 annual results included closure periods in the Sept 21 and Dec 21 quarters which resulted in revenue being down compared to 2021. Also impacting the 2022 results was the Omicron variant that impacted over the festive period, anti-vaccination rules and the large amounts of wet weather. The 2023 annual results have been relatively unscathed with no closure periods. These results show excellent growth in revenue from 2022. The most important factor, however, is the great performance by clubs in the last six months, mainly through gaming machines, which has helped clubs improve revenue and financial performance. Although club's results did drop between the March 23 and December 22 quarters, strong growth in the June 23 quarter saw the 2023 financial year being great for clubs. We are mindful moving forward, however, that factors such as the increasing costs of living, interest rates, and the completion of low-income tax benefits may start to slow revenue growth. Your club's budgets should take into account these potential impacts. If you would like a review of your club’s financial performance, speak to one of our Assurance Advisors today. [Clubs & Hospitality](https://www.cutcher.com.au/insights-and-news/tag/clubs-hospitality) ## Read On [![Investment Snapshot | November 2023](https://www.cutcher.com.au/hs-fs/hubfs/Cutcher_Neale/Blog%20Images/Investment%20Blog/Investment%20SnapShot%20Header%20-%20November%202023.jpg?width=352&name=Investment%20SnapShot%20Header%20-%20November%202023.jpg) ](https://www.cutcher.com.au/insights-and-news/november-2023-investment-snapshot) ### [Turbulence Encountered](https://www.cutcher.com.au/insights-and-news/november-2023-investment-snapshot) {% module_block module "widget_9dafc2d9-d7d6-47bc-8eff-2b28444cec8d" %}{% module_attribute... [![Investment Snapshot | October 2023](https://www.cutcher.com.au/hs-fs/hubfs/Cutcher_Neale/Blog%20Images/Investment%20Blog/Investment%20SnapShot%20Header%20-%20October%202023.jpg?width=352&name=Investment%20SnapShot%20Header%20-%20October%202023.jpg) ](https://www.cutcher.com.au/insights-and-news/october-2023-investment-snapshot) ### [The September Effect](https://www.cutcher.com.au/insights-and-news/october-2023-investment-snapshot) {% module_block module "widget_14412677-136e-435b-963c-1fed33605ed8" %}{% module_attribute... [![Investment SnapShot | December 2023](https://www.cutcher.com.au/hs-fs/hubfs/Cutcher_Neale/Blog%20Images/Investment%20Blog/Investment%20SnapShot%20Header%20-%20December%202023.jpg?width=352&name=Investment%20SnapShot%20Header%20-%20December%202023.jpg) ](https://www.cutcher.com.au/insights-and-news/december-2023-investment-snapshot) ### [Economic Trifecta](https://www.cutcher.com.au/insights-and-news/december-2023-investment-snapshot) {% module_block module "widget_1b758790-cbb2-43cf-b2ad-fa14aa49bd91" %}{% module_attribute... ### Ready to take the next step? We’re here to help you move forward with comfort and clarity. [Contact](https://www.cutcher.com.au/contact) Quick Links - [Services](https://www.cutcher.com.au/our-services) - [Specialties](https://www.cutcher.com.au/industries) - [About](https://www.cutcher.com.au/about-us) - [Insights](https://www.cutcher.com.au/insights-and-news) - [Client Portal](https://www.cutcher.com.au/make-a-payment) Services - [Accounting & Taxation](https://www.cutcher.com.au/our-services/accounting-and-taxation) - [Aged Care](https://www.cutcher.com.au/our-services/aged-care) - [Business Services](https://www.cutcher.com.au/our-services/business-services) - [Business Systems & Software](https://www.cutcher.com.au/our-services/business-systems-software) - [Cloud Accounting](https://www.cutcher.com.au/our-services/cloud-accounting) - [Financial Planning](https://www.cutcher.com.au/our-services/financial-planning) - [Forensic Accounting](https://www.cutcher.com.au/our-services/forensic-accounting) - [General Insurance](https://www.cutcher.com.au/our-services/general-insurance) - [iMed Insurance](https://www.cutcher.com.au/our-services/imed) - [myCEO](https://www.cutcher.com.au/our-services/myceo) - [Residential & Commercial Finance](https://www.cutcher.com.au/our-services/residential-commercial-finance) - [Risk Insurance](https://www.cutcher.com.au/our-services/risk-insurance) - [Superannuation](https://www.cutcher.com.au/our-services/superannuation) - [Wealth Management](https://www.cutcher.com.au/our-services/wealth-management) - [wealthstart](https://www.wealthstart.com.au/services) Specialties - [Business Management & Advisory](https://www.cutcher.com.au/industries/business-management-advisory) - [Construction & Manufacturing](https://www.cutcher.com.au/industries/construction-and-manufacturing) - [Dental Services](https://www.cutcher.com.au/industries/dental) - [Legal Services](https://www.cutcher.com.au/industries/legal-services) - [Medical Services](https://www.cutcher.com.au/industries/specialist-medical-services) - [Medical Student & Junior Doctor](https://www.cutcher.com.au/industries/medical-student-junior-doctor) - [Personal Wealth](https://www.cutcher.com.au/industries/personal-wealth) - [Private Practice](https://www.cutcher.com.au/industries/private-practice) - [Senior Doctor](https://www.cutcher.com.au/industries/senior-doctor) [Join Our Newsletter](https://www.cutcher.com.au/newsletters) [Client Portal](https://www.cutcher.com.au/make-a-payment) ##### [SYDNEY](https://maps.app.goo.gl/yZwBJsVuPnbesi3Y7) [Suite 1.03, 100 Pacific Highway, North Sydney, NSW, 2060](https://maps.app.goo.gl/yZwBJsVuPnbesi3Y7) ##### [MELBOURNE](https://maps.app.goo.gl/Q5JTvvAuq6Be3tDe9) [Level 8, 60 Albert Road, South Melbourne, VIC, 3205](https://maps.app.goo.gl/Q5JTvvAuq6Be3tDe9) ##### [BRISBANE](https://maps.app.goo.gl/ogE3BNvtKhLx1UTp6) [Suite 5, 36 Agnes Street, Fortitude Valley, QLD, 4006](https://maps.app.goo.gl/ogE3BNvtKhLx1UTp6) ##### [NEWCASTLE](https://maps.app.goo.gl/P87METTXFhbjvYgw5) [Level 3, 130 Parry Street, Newcastle West, NSW, 2302](https://maps.app.goo.gl/P87METTXFhbjvYgw5) ##### CONTACT [1800 988 522](tel:1800%20988%20522)[cnmail@cutcher.com.au](mailto:cnmail@cutcher.com.au) [![](https://www.cutcher.com.au/hubfs/479958/CN%202025%20Assets/fb-icon.png) ](https://www.facebook.com/CutcherNeale) [![](https://www.cutcher.com.au/hubfs/479958/CN%202025%20Assets/li-icon.png) ](https://au.linkedin.com/company/cutcher-%26-neale) [![](https://www.cutcher.com.au/hubfs/479958/CN%202025%20Assets/yt-icon.png) ](https://www.youtube.com/channel/UCy-URcIO4S_sU4V-4w22p_w) Acknowledgment of Country We acknowledge Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands where we live, learn and work. ![Logo](https://www.cutcher.com.au/hubfs/479958/CN%202025%20Assets/CN-logo.png "Logo") --- © 2026 [Cutcher & Neale.](https://www.cutcher.com.au/) All rights reserved. [Terms of Use](https://www.cutcher.com.au/disclaimer) | [Privacy Policy](https://www.cutcher.com.au/privacy-policy) | [Complaints](https://www.cutcher.com.au/complaints) | * Liability limited by a scheme approved under Professional Standards Legislation  * - [Services](https://www.cutcher.com.au/our-services) - [Specialties](https://www.cutcher.com.au/industries) - [About](https://www.cutcher.com.au/about-us) - [Insights](https://www.cutcher.com.au/insights-and-news) - [Client Portal](https://www.cutcher.com.au/make-a-payment) [![](https://www.cutcher.com.au/hubfs/479958/CN%202025%20Assets/Back%20to%20Top.png)](https://www.cutcher.com.au/insights-and-news/clubchat_how-is-your-club-performing_september-2023#top) ![](https://www.facebook.com/tr?id=1778955912231469&ev=PageView&noscript=1) ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/921494672/?value=1.00&label=0W9NCOuPznMQkMmztwM&guid=ON&script=0) ![](https://px.ads.linkedin.com/collect/?pid=5769354&fmt=gif)