M&A News

The Western Australian government has introduced legislation which will enable the sale of the Western Australian TAB.

Following extensive industry and stakeholder consultation, the TAB (Disposal) Bill 2019 includes a historic reform package for the Western Australian racing industry.

The McGowan government said that in addition to being significant beneficiaries of the point of consumption tax, the sale of the TAB will ensure the industry receives the same operational funding levels, as well as 35 per cent of sale proceeds set aside for a dedicated racing infrastructure fund.

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