Australian Gambling – Tattersall’s is about to resume its position as the sole operator of public lotteries in Victoria after the Coalition government approved a request by Intralot Australia to stop selling scratchies and providing public lotteries in the state.
The troubled Intralot, which has suffered a mammoth $63.4 million in losses since setting up in 2008, has come to an agreement with Tatts to hand over its licence, enabling the gaming giant to reclaim its monopoly on lotteries from February, next year.
But it still needs approval from the Australian Competition and Consumer Commission, with the watchdog set to go over the agreement with a fine toothed comb, at the request of Tattersall’s.
Despite reports the Greek gaming company has launched Supreme Court action against the State Government in a bid to recoup its losses, Premier Denis Napthine touted the deal as “a good result for all concerned”.
“Intralot will exit the Victorian public lottery market in an orderly fashion and Tattersall’s will be authorised to provide scratchies and daily Keno across Victoria,” Dr Napthine said.
“This will bring Victoria into line with all other Australian jurisdictions, which all have one lottery operator.”