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Tabcorp’s Queensland Keno license extended to 2047
Wednesday April 17, 2013 : LONG-TERM LICENCE GRANTED FOR TABCORP KENO
Tabcorp’s Queensland Keno licence to be extended to 2047
The Australian betting group Tabcorp Holdings Limited’s Queensland Keno licence is to be extended to 2047.
The 25-year licence extension was announced Tuesday by Queensland Premier Campbell Newman at the Keno and Clubs Queensland Awards for Excellence in Brisbane.
Tabcorp will make a $20 million payment to the State to extend the licence, which currently expires in 2022, to 2047.
The company is Australia’s largest and most successful Keno operator, operating the game in more than 3,600 venues in Queensland, NSW and Victoria, including 1,150 hotels, clubs and casinos in Queensland.
Tabcorp CEO David Attenborough said the licence extension gives Tabcorp greater certainty and allows it to continue to invest in the Keno lottery game in Queensland.
“Tabcorp welcomes the decision by the Queensland Government to extend the Keno licence to 2047,” Attenborough said. “Keno is an important part of Tabcorp’s diverse portfolio. In the first half of the 2013 financial year the Keno business contributed $36.7 million or 16 percent of Tabcorp’s EBITDA. The extension adds further longevity to Tabcorp’s licence structure.
“Tabcorp shares a very substantial part of the benefits of its Queensland Keno operations with the community and other stakeholders, such as hotels and clubs.
“The company’s payment and the ongoing operation of the game will generate returns for the community and for Queensland clubs and hotels, which can be re-invested in facilities and services.”
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Quickfire live on Strendus -
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Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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