Mark your calendars, ladies and gentlemen. The government of Tasmania vowed that its policy position on the extension of Federal Group’s exclusive gambling monopoly will be ready by Easter.
Federal Group, which operates the Wrest Point casino, has been enjoying a gambling monopoly in the state of Tasmania for a number of years. Federal Group’s current arrangement with Tasmania will expire in 2018, but the operator has been concerned that the government might change its gambling policy stance and finally allow other players to enter the local market.
On Monday, Treasurer Peter Gutwein announced that the government’s position on the gambling monopoly policy would be announced within six weeks.
Media outlet abc.net.au quoted Gutwein saying, “There will be no secret deals, the government will clarify its position within the next six weeks, and then Tasmanians will have the benefit of an open and transparent process.”