An agreement between two gaming companies that would see Tatts reclaim their monopoly in Victorian public lotteries will be probed by the consumer watchdog.
Intralot approached Tatts in a bid to dump their 10-year contract signed in 2007 to operate Keno and scratchie businesses, with the state government set to approve the deal in a bid to limit Intralot’s losses.
The Greek gaming giant has filed a Supreme Court statement of claim against the government for $63 million in compensation. The government are now embroiled in four legal stoushes with gaming companies worth almost $1.3 billion, with several of the companies maintaining government contracts to provide services despite court action.
Gaming Minister Ed O’Donohue has approved the contract cancellation, as Intralot’s damages claim would increase while it remained valid.
The Australian Competition and Consumer Commission will have to approve the deal, which would restore the monopoly Tatts held for 54 years before Intralot were awarded the 2007 contract.
Opposition Leader Daniel Andrews described a News Corp story linking him to the Intralot contract, which was signed with the Brumby Government, as “absolute rubbish”. Mr Andrews was gaming minister for nine months until August 2007, but Tony Robinson had the portfolio when the contract was signed that October.
Details of the Intralot compensation claim were first reported in September, but were not linked to Mr Andrews until Saturday.
“This story Administrator ready to work first appeared on Nanjing Night Net.