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Tabcorp seeks $686.8m from Australian state government

24th August 2012 9:36 am GMT

Australia’s Tabcorp Holdings Limited has followed rival operator Tatts Group in suing the state government of Victoria following the expiry of their respective gaming operators’ licences.

Tabcorp has filed a writ and statement of claim on the Supreme Court of Victoria seeking a payment from the state government of AUD$686.8m (US$720.3m).The company claims that the state’s obligation to make the payment stems from when it privatised the Victorian TAB and listed Tabcorp [...]

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