THE One Mile Hotel closed its poker machine room this week, fuelling rumours of yet another pub closure in town.
Hotel director Richard Shaw played down the talk yesterday and said closing the pokies was purely a "business decision".
Mr Shaw said the pub had not been sold and it was "business as usual".
"The only thing that is different is there are no pokies," Mr Shaw said.
However when asked if they were in negotiations with developers he said there were ideas, but "nothing rock solid at this point in time".
"There are ideas but there is nothing that is rock solid in that area at all at this point in time," he said.
He said the hotel had been on the market for "years".
"The pub has been on the market for years, there has been interest over the years. At this point in time it is business as usual."
The One Mile Hotel employs 16 full-time and casual staff and has bottleshops at Yamanto and Brassall and recently closed its bottleshop at Riverlink after trading for 15 months.
"They are just business decisions at this stage of the game," Mr Shaw said.
"Trading-wise (things are) excellent. Yamanto is going very well, Brassall is going very well, there are peaks, our drive-through is going peak as well, the bar is doing the normal, it's around about the same."
He said the bottleshops had traded well to keep the hotel a viable business.
"This place has always been retail oriented. We've had three detached bottleshops and a drive-through and they've been great locations, Yamanto, Brassall, we did have Raceview which was good and we moved to Riverlink."
The One Mile Hotel is one of only a handful of traditional pubs left in the CBD after the recent closures of Stumps Hotel, the Prince of Wales, City View Hotel and Murphy's Town Pub.
The hotel is one of the earliest pubs for the city, with three pubs built on the site over the years.
The original hotel was rebuilt when Jack King took over the One Mile Hotel in 1885.
The present two-storey brick hotel was built around 1911 for N. Kerwick.
In Ipswich's early days, the area was a place where bullock wagons rested on the road between Ipswich and the Darling Downs.
Several hotels were built in Brisbane Street including The Bull's Head Inn on the corner of Keogh St, the Carriers Arms and the One Mile.
Update your news preferences and get the latest news delivered to your inbox.