Launceston CIB is investigating an alleged aggravated armed robbery at the Mowbray Hotel and Sports Bay last night.

Two men entered the hotel armed with a small axe and a large knife, at approximately 8:55pm and gained entry behind the counter, striking a male employee to the head. They fled the scene with a quantity of cash and other property in a vehicle which police believe may be a white Holden VN Commodore ute.

The victim was treated for minor injuries at the Launceston General Hospital and has since been released.

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