In January 2016, HCS was approached by the then Ipswich RSL Board who, after nine consecutive years of significant trading losses, faced closing the club.
HCS negotiated the purchase of the club’s real estate and provided a leaseback opportunity to them. An additional $8 million was invested by HCS on an unsecured basis and at zero risk to the Sub Branch, enabling them to redesign and rebuild a new facility. This included expanding their gaming operations from an old, outdated 90 machine venue to a state-of-the-art 200 machine club.
With redevelopment completed in 2017, less than two years after partnering with HCS, the club is making clear profits and EBITDARD profits well above 20%. They’re also providing donations and valuable financial support to their two Sub Branches and were nominees for the 2019 Queenslands Best RSL Club Awards.