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Tasmanian govt to change wagering taxes to create more jobs

Interesting times in Tasmania. Not only did they break ranks and license Betfair, much to the annoyance of all the Aus mainland states, now they have the Tas Tote up for sale and are looking at completely restructuring the tax regime in order to create more jobs. Tasmania has quite high unemployment and faces an exodus of youth each year as teenagers finish school and head to Melbourne or Sydney usually to study or find work.


Tote Tasmania Sale Looks To Raise Over A$200m


The government has also suggested the ending of wagering taxes on pari-mutuel and fixed-odds betting. Like Betfair, Tote Tasmania will now run under the aegis of the Tasmanian Gaming Commission.

Coleman said the new regime would ensure the growth and profitability of Tote Tasmania while providing a secure future for the Tasmanian racing industry. “The legislative package released today shows that Tasmania supports business and offers an innovative and well-regulated environment in which to operate a successful business.”

Tasmania Treasurer Michael Aird said the privatisation of Tote Tasmania was designed to attract new offshore and domestic investment and create jobs to benefit the Tasmanian economy. Said Aird: “The government is confident that the quality of the Tote Tasmania business, and the competitive tax and licence regime, will generate strong buyer interest. The reforms outlined today will further enhance its value and increase its appeal to potential buyers both outside and inside Australia.”

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