Published: 15 May 2015
The appeal is likely to be heard during 2015.
Tabcorp's claim is that the State of Victoria was obliged to make the payment to Tabcorp in August 2012, when Tabcorp's Gaming and Wagering licences expired and new licences were granted. The claim is based on a statutory provision included in legislation from 1994 when the State privatised the Victorian TAB and listed Tabcorp on the Australian Securities Exchange. Tabcorp's initial public offering was underpinned by this statutory entitlement.
For more information:
Financial analysts: Lachlan Fitt, GM Investor Relations and Strategy, 02 9218 1414
Media: Nicholas Tzaferis, GM Corporate Affairs, 03 9868 2529
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