But that’s not all because it will also pay nineteen yearly payments of A$30 million, which will start from August 16, 2025. In addition, the value of the company’s shares jumped 24.8% to A$0.918 starting as of 0213 GMT, which means they were put for a “ record intraday surge,” breaking out as the biggest gainer on the ASX 200 (.AXJO) benchmark.Īs for the license fee, the company will pay a fee of A$600 million to the Victorian State Government during June next year. Shares in Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, were on their way for the “best day ever” on December 18, following an event in which the firm officially managed to win an exclusive rights to the newest wagering and betting license in the State of Victoria for the period of the next twenty years.Īn indicative value of A$864 million, which is approximately 578.53 million US dollars, would be paid by the firm for the license, which it has owned since 1994. Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Sports betting, Oceania Casino News, Licensing ![]() ![]() ![]() Betting on sports futures, props and lay bets.
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