Published: 28 May 2014
- Totalisator bets will be charged at 1.5% of turnover for Standard Meetings and 2.0% of turnover for Premium Meetings.
- Non-totalisator bets (fixed odds, tote odds derivatives and exchange bets) will be charged at 2.5% of turnover for Standard Meetings and 3.5% of turnover for Premium Meetings.
If the proposed fees had applied to Tabcorp's turnover on Queensland racing in FY14, and in the absence of any mitigating strategies, the estimated NPAT impact would be approximately $3 million.
Racing Queensland is holding a 28-day consultation period on the proposed fee structure, with the new approval period to commence on 1 July.
For more information:
Media: Nicholas Tzaferis, GM Corporate Affairs, 03 9868 2529
Financial Analysts: Daniel Renshaw, GM Investor Relations, 02 9218 1113
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