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!

2mins ago someone from United States United States read Thebes Casino review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    10
  • Members Online
    262
  • Guests
    1,958
  • New Posts
    243

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Slotty Vegas
  (20 Ratings)
Jackpot Party
  (32 Ratings)
NextCasino
  (85 Ratings)
Bet365 Games
  (103 Ratings)
CasinoLuck
  (145 Ratings)
Betsson Casino
  (130 Ratings)
Intertops Casino Classic
  (53 Ratings)
Guts Casino
  (97 Ratings)
Spin Palace Casino
  (69 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (142 Ratings)
Betsafe Casino
  (103 Ratings)
Redbet Casino
  (74 Ratings)
Thrills Casino
  (72 Ratings)
Mr Green Casino
  (198 Ratings)
Unibet Casino
  (76 Ratings)
32 Red Casino
  (169 Ratings)
Sin City Casino
  (51 Ratings)
Vera John Casino
  (118 Ratings)
3Dice Casino
  (147 Ratings)
Liberty Slots Casino
  (97 Ratings)
Casino Saga
  (55 Ratings)
River Nile Casino
  (61 Ratings)
BETAT Casino
  (115 Ratings)
Winner Casino
  (273 Ratings)
Ruby Fortune Casino
  (96 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)
Casumo
  (66 Ratings)