Australia’s Tabcorp, Tatts may lose gaming duopoly
The Victorian government announced Thursday April 10th that it would be allowing clubs and pubs to control their own gaming machines as well as own them starting in 2012. This is a big problem for Tabcorp and Tatts who currently control the gaming machine licenses in the state. The announcement has understandably ruffled a few feathers and caused some internal changes to get started while there is still time before the changes. The change is part of many gambling reforms that include opening licensing to competition for other forms of gambling such as keno, a type of bingo and other betting. Victoria is the second most populous state in Australia and as such contributes greatly to revenues.
The new laws will allow Tabcorp and Tatts to buy clubs and pubs to have gaming machines in,…