Mon, Dec 3, 9:42am by Ed Scimia
Tatts, the gaming firm also known as Tattersalls, has signed a country with South Australia that will have it managing the state’s lotteries and Keno games for the next 40 years. The terms of the deal will have Tatts pay $427 million to the government in order to become the exclusive provider of such services over the next four decades.
“The extension of Tatts Lotteries business into SA is a logical and natural expansion of our lottery businesses in Queensland, New South Wales, Northern Territory, Victory, Tasmania and the Australian Capital Territory,” said Tatts CEO Dick McIlwain.
Account to SA officials, Tatts easily won the contract. Their bid far exceeded the government’s reserve price, and was the highest amount ever made in a lotteries transaction in Australia. The deal will also allow South Australians to take part in many of the country’s biggest national games, like Powerball and Oz Lotto.
“South Australians will continue to be able to play the lottery games they enjoy,” said South Australian Treasurer Jack Snelling. “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.”
The deal will see the South Australian government receive approximately $60 million in gambling taxes each year from the sale of lottery tickets and other products. Tatts will assume control of the SA Lotteries products beginning on December 10. Those individuals currently working for SA Lotteries who will not be employed by Tatts will instead be moved to other government positions.
For players, this deal appears to be nothing but positive news. As mentioned, the move will allow SA residents to take part in the national games that offer the biggest jackpots, without forcing any of the games they currently play out of the market (at least not in the near future). This should also be welcome news for players throughout Australia, as this could mean a slight boost in jackpot amounts thanks to the increased participation from South Australia.
New content provider and distribution platform Relax Gaming has signed a deal to add independent casino content provider High 5 Games as…
Billionaire Carl Icahn is more eager to sell casino chain Caesars Entertainment than the company’s board, The New York Post has learned.…
Microgaming has introduced The Smashing Biscuit and Ruby Casino Queen slots as its two latest offers, according to World Casino Directory. The…