40-Year South Australian Lotto License for Tatts!

A report came this week that gaming firm The Tatts Group has been awarded the right to operate South Australia's (SA) lottery and keno services for the next 40 years, effective December 10, 2012, in exchange for a A$427 Million payment to the South Australian Government.

This price significantly exceeds the reported reserve price of A$ 400 million that the Government had set.

According to Jack Snelling, South Australia's Treasurer, "South Australians will continue to be able to play the lottery games they enjoy, the government will continue to receive gambling tax distributions and there are now significant funds that the government can invest in things such as roads, hospitals, schools and infrastructure."

There's a certain amount of antagonism toward the deal in shape of the South Australian opposition and Family First amongst others who think the price paid by the company is too low. However, one should have in mind that the expected amount the South Australian Treasury is to collect in gambling taxes every year from the sale of lottery products is in the region of A$ 60 million;

The treasury also said it would forego the A$20 million dividend paid by Lotteries SA.

Commenting on the deal, Dick McIlwain, chief executive of Tatts, said: "It's a good story for lottery agents and players in South Australia and it will be a good story also for Tatts group."

Bingo Society News General Bingo News

Login to post a comment:


Click Here to register a new account

What's going on right now!

4mins ago someone from us flag United States read article Bingo and Your Sexual Preference?

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h


  • New Members
  • Members Online
  • Guests

eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus


Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+

You have been successfully subscribed to receive LBB newsletter!