Intralot sells Victorian Category 2 lottery licence to Tatts Group

Intralot sells Victorian Category 2 lottery licence to Tatts Group

Monday, October 27, 2014

Greek-owned gaming and lottery provider Intralot has received approval from the Victorian Government to sell its Category 2 lottery licence assets in the Australian state to domestic gambling company Tatts Group. The sale will bring Victoria back to a monopoly status quo as Tatts Group also holds the Category 1 Public lottery licence - the primary licence in the region. Intralot estimates that proceeds related to the transaction could reach up to Aus$20m (€19.9m/$17.6m). The company also noted that its operation in the Victorian lottery market represented less than 2% of its revenue in the first semester of 2014. The state’s Gambling Licensing Review Panel found that although Intralot Australia was “unequally treated” during the process that resulted in the award of its licence, no corrective measures were taken by the government. Intralot Australia said that it will now actively pursue legal remedies before court. Peter Sidwell, executive chairman of Intralot Australia, said: “We have opted for a solution which is to the benefit of our retailers and, of course, we will expedite a smooth transition to the new operator. “As represented in other forums, Intralot’s ability to fully exploit the Category 2 licence was materially affected by events linked to the licence issuance.”

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