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Doubts Raised Over Probity of NSW Lotteries Sale to Tatts

30th March 2010 9:16 am GMT

The Auditor General for the Australian state of New South Wales is to review the sale process of NSW Lotteries amid complaints that Tatts Group was given preferential treatment and was the only company allowed to bid for unclaimed prize money, estimated at approximately AUD$200 million over the term of the forty year deal.

Earlier this month Tatts Group secured an exclusive 40-year licence to operate NSW Lotteries for a total consideration of $850 million, seeing [...]

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