Tatts And Tabcorp Sue Victoria Government Over Pokie Machine Changes

Gambling firms seek A$1.2 billion from provincial government

A major civil case is currently being argued in the Victorian Supreme Court as Australian gambling giants Tabcorp and Tatts pursue a claim of over A$1.2 billion against the Victorian government for changes to poker machine licenses.

The West Australian newspaper reports that the companies say they are entitled to hundreds of millions of dollars from the government after their licenses to run the state’s poker machines expired in August 2012.

New licenses to own and operate the machines were instead issued to individual venues.

Tabcorp barrister Alan Archibald QC told the Victorian Supreme Court on Monday that the 1994 Gaming and Betting Act gave Tabcorp and Tatts the right to a pay-out if their licences were not renewed.

The company was owed $687 million, plus more than $100 million in interest payments, he told the court.

Tatts is seeking $490 million in a similar claim, however the government’s position is that it does not have to make any payment as the 1994 act is no longer enforceable, having been replaced by new legislation.

Legal representatives for the government additionally argue that the gaming machine entitlements issued to venues in 2012 are materially different from the licences formerly held by Tatts and Tabcorp.

Online Casino News Courtesy of Infopowa

More news

here.

About the Author... Total Posts Written: 9,456
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts