After false starts, Western Australia pushes ahead with TAB sale

The government of Western Australia has reportedly opened up discussions to offload state-owned betting agency TAB.

On Monday, the Australian Financial Review reported that the government of WA Premier Mark McGowan is set to appoint an adviser on the sale, after the state’s Treasury received pitches from several banks.

TAB, operated by Racing and Wagering Western Australia (RWWA), was originally placed on the market in 2014, but the protests from the racing industry dampened the government’s efforts to sell the betting agency. Two years, later, then Racing and Gaming Minister Colin Holt tried to test the market’s appetite for the TAB assets, to no avail.

Now, it appeared that Holt’s successor, Paul Papalia, is discussing a possible sale with the racing industry.