ACTTAB on the block

johnboy 22 November 2013 3

Many days late and many dollars short the ABC reports Andrew Barr is flogging off ACTTAB while it’s still worth anything at all.

We’ll no doubt have his statement shortly.

UPDATE: Here’s the announcement:

The ACT Government has determined to sell ACTTAB Corporation following careful consideration of the recommendations made in the ACTTAB Future Options Feasibility Study.

The study, undertaken by PricewaterhouseCoopers, outlined a compelling argument for a sale. As the smallest TAB in the country, ACTTAB has become increasingly vulnerable to market changes in the form of increasing competition and technological advances.

The Government will seek the agreement of the ACT Legislative Assembly next week before arranging for ACTTAB to be sold through a competitive bid process in order to achieve a fair and reasonable price.

The successful bidder will need to demonstrate they have the appropriate experience and capacity to operate a wagering business including meeting the necessary regulatory requirements to operate ACTTAB’s exclusive wagering licence.

The Government is committed to ensuring staff are treated fairly. As part of the sales process, the Government will be seeking, where possible, for staff to retain their jobs under existing conditions.

Bidders will be asked to provide details about their terms and conditions of employment and staffing intentions. This information will be taken into consideration when evaluating proposals.

The Government is also committed to ensuring the local racing industry is not negatively affected by the sale. Bidders will also be asked to identify how they would be prepared to support the local racing industry. This information will also be considered in the evaluation process.

We will now appoint expert sales advisors to assist in this process and intend to complete the sale this financial year.

[Photo by Travis Isaacs CC BY 2.0]

What's Your Opinion?

Please login to post your comments, or connect with
3 Responses to ACTTAB on the block
p1 p1 7:27 am 23 Nov 13

Or they could just shut the doors and ban horses racing in the ACT at the same time?

Pork Hunt Pork Hunt 5:39 pm 22 Nov 13

Mothy said :

Saw photo, first thought…

That horse is running the wrong way.

Must be the one I laid a wager on….

Mothy Mothy 2:34 pm 22 Nov 13

Saw photo, first thought…

That horse is running the wrong way.

CBR Tweets

Sign up to our newsletter

Region Group Pty Ltd

Search across the site