Collingwood are the latest AFL club to cut poker machines as a revenue source.
The Magpies have joined North Melbourne and Melbourne in announcing they either have exited the gaming industry or will do so.
They will sell the licences for their two gaming venues to the Melbourne Racing Club.
The Coach and Horses in Ringwood and The Club in Caroline Springs have a combined 156 machines.
"The decision of the board to sell our gaming operation and some of our hospitality interests will allow us to intensify the focus on our core responsibilities - Collingwood fans, elite sporting performance and community - but also enable us to pursue new and different possibilities for growth," Collingwood president Eddie McGuire said.