Tag: Australian gaming company
Australian gaming companies seek $1 billion repayment
February 3, 2014
iGaming Business – Australian gaming companies Tabcorp and Tatts are seeking repayments of more than AUS$1 billion (€651.6 million/US$880.4 million) from the Victorian Government after changes were made to poker machine regulations. According to ABC Australian, the Supreme Court in Melbourne heard that Tabcorp is suing for nearly $700 million plus interest after claiming it as entitled to a payment when its poker machine licences expired in 2012. The Tatts Group is said to be seeking about $500 million from the Government in the Australian state of Victoria. The two companies held a duopoly to operate 27,000 gaming machines outside…