Western Australia Betting Agency to Be Privatized, AFR Reports

The West Australian government will put its betting agency up for sale in coming weeks, state Racing and Gaming Minister Colin Holt said in an interview with the Australian Financial Review.

Holt told the AFR that the government would issue a request for proposal to industry players in the coming weeks, saying “it’s time to test the market now.” The deal could be worth more than A$1 billion ($711 million), the newspaper reported.

The AFR says corporate bookmakers such as James Packer’s CrownBet, as well as billionaire West Australian Kerry Stokes could compete with Tabcorp Holdings Ltd and Tatts Group Ltd to bid for the rights.

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