- Long‑awaited sale process officially underway
- Invitation for Expressions of Interest (EOI) open until 28 October 2019
The McGowan Government has formally commenced the long‑awaited sale process for the Western Australian TAB through the release of the EOI to the market.
Having consulted extensively with the racing industry and broader community and passed the necessary legislation through State Parliament, the McGowan Government will now proceed with its plan to select a private operator to operate the TAB.
The open and competitive market process will require potential operators to demonstrate their operational capability and financial capacity to conduct wagering as well as confirm they understand the important relationship to be maintained with the local racing industry.
The deal will preserve operational funding for the racing industry and provide for a dedicated racing infrastructure fund from 35 per cent of the net sale proceeds.
The McGowan Government will dedicate the remaining 65 per cent of net sale proceeds to a new women's and maternity hospital in Perth.
It is expected that the new wagering operator will be appointed by mid‑2020.
To access the EOI, visit http://www.tenders.wa.gov.au
Comment attributed to Treasurer Ben Wyatt:
"The market now has the unique opportunity to express its interest in operating wagering in WA and contribute to the continued growth of racing in this State."
Comment attributed to Racing and Gaming Minister Paul Papalia:
"After extensive consultation with the WA racing industry, the McGowan Government is on track to secure a transaction that delivers a prosperous future for racing in this State."
Treasurer's office - 6552 5900
Racing and Gaming Minister's office - 6552 5600