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Parliamentary Questions

Question Without Notice No. 506 asked in the Legislative Council on 21 May 2020 by Hon Jacqui Boydell

Parliament: 40 Session: 1

Answered on 21 May 2020

TAB — SALE

506. Hon JACQUI BOYDELL to the minister representing the Treasurer:

I ask this question on behalf of Hon Colin Holt, who is absent due to urgent parliamentary business.

I refer to the sale of the Western Australian TAB.

(1) Can the Treasurer please give an update on the current status of the sale process?

(2) When will there be an announcement of the successful acquirer?

(3) How has the expected sale price of the WA TAB changed due to revenues decreasing during COVID-19?

(4) Has the fixed-odds betting component of the WA TAB been put out to tender; and, if yes, why has this happened during the sales process?

Hon STEPHEN DAWSON replied:

I thank Hon Colin Holt for some notice of the question. The following answer has been provided to me by the Treasurer.

(1) The TAB sale process has been paused to allow the government, Racing and Wagering Western Australia and bidders to focus on business continuity and post-COVID-19 recovery measures.

(2) The time frame for the resumption and ultimate completion of the sale process will depend on a number of factors, including the stabilisation of business activity following the easing of COVID-19 restrictions.

(3) The impacts of COVID-19 have been felt sector-wide. The consequential impacts on the value of the WA TAB business will largely be determined by the pace and nature of the market recovery following the easing of restrictions.

(4) Yes. During the COVID-19 shutdown, there have been seismic shifts in the wagering market, including the merger of BetEasy and Sportsbet, which RWWA will assess and respond to with the long-term interests of the local racing industry in mind.