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!

5mins ago someone from United States played Plenty O Fortune

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h


  • New Members
  • Members Online
  • Guests
Highest Community Rated Online Casinos
Guts Casino
  (301 Ratings)
32 Red Casino
  (585 Ratings)
Club USA Casino
  (421 Ratings)
Mr Green Casino
  (399 Ratings)
Buzzluck Casino
  (277 Ratings)
Lucky Red Casino
  (320 Ratings)
  (267 Ratings)
  (270 Ratings)
Bet365 Games
  (269 Ratings)
Raging Bull
  (217 Ratings)
Unibet Casino
  (245 Ratings)
  (268 Ratings)
  (350 Ratings)
Casino Adrenaline
  (172 Ratings)
  (118 Ratings)
Redbet Casino
  (243 Ratings)
Betsson Casino
  (337 Ratings)
  (176 Ratings)
Betsafe Casino
  (321 Ratings)
  (88 Ratings)
Casino Extreme
  (301 Ratings)
Vera John Casino
  (265 Ratings)
ComeOn Casino
  (368 Ratings)
Ladbrokes Casino
  (206 Ratings)
  (207 Ratings)
Bet365 Casino
  (522 Ratings)
Slotty Vegas
  (183 Ratings)
Thrills Casino
  (261 Ratings)
  (454 Ratings)
Sportingbet Casino
  (154 Ratings)

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