The Tasmanian government plans for the disposal of the Tasmanian Tote-Update


The news that the Tasmanian government has started a process to divest itself of the Tasmanian Tote has been followed by a story on the Australian Broadcasting Corporation network that online betting exchange Betfair, which has a joint venture with a major betting group in Australia, may be interested in bidding.

Tasmanian Opposition and Greens Party politicians have reacted angrily to the announcement of the intention to sell, pointing to comments made by state treasurer, Michael Aird late last year that a sale was not planned.

Financial analyst Tom Ellison told ABC that he would expect Tote to fetch up to A$100 million but questioned the government's timing. "It's probably the worst time to try and sell a business considering the global financial situation," he said, adding that a sale to Betfair would make sense.

"Tote already has an agency agreement with Betfair and certainly Betfair would be able to expand some of their Australian operations through Tote," he said, pointing out that Tabcorp is also a potential bidder.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United States read article New Licensee for Mahjong Logic

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    22
  • Members Online
    317
  • Guests
    1,859
Highest Community Rated Online Casinos
NextCasino
  (142 Ratings)
Bet365 Games
  (160 Ratings)
Unibet Casino
  (124 Ratings)
CasinoLuck
  (215 Ratings)
Betsson Casino
  (205 Ratings)
Redbet Casino
  (136 Ratings)
Spin Palace Casino
  (111 Ratings)
Mr Green Casino
  (271 Ratings)
Betsafe Casino
  (177 Ratings)
Slotty Vegas
  (102 Ratings)
32 Red Casino
  (294 Ratings)
Guts Casino
  (167 Ratings)
Liberty Slots Casino
  (171 Ratings)
Winner Casino
  (329 Ratings)
BitCasino.io
  (166 Ratings)
ComeOn Casino
  (231 Ratings)
Sin City Casino
  (94 Ratings)
Vera John Casino
  (168 Ratings)
BETAT Casino
  (188 Ratings)
Intertops Red Casino
  (118 Ratings)
Thrills Casino
  (125 Ratings)
Intertops Casino Classic
  (107 Ratings)
Casumo
  (128 Ratings)
Ladbrokes Casino
  (148 Ratings)
Royal Vegas Casino
  (128 Ratings)
Jetbull Casino
  (100 Ratings)
Slotland
  (291 Ratings)
Whitebet Casino
  (87 Ratings)
InterCasino
  (132 Ratings)
Betfair Casino
  (201 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus