August 21, 2017 8:34 AM ET

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Company Overview of Racing and Wagering Western Australia

Company Overview

Racing and Wagering Western Australia engages in wagering activities in Western Australia. It also offers racing services, such as thoroughbred, harness, and greyhound. The company was founded in 2003 and is based in Osborne Park, Australia.

14 Hasler Road

Osborne Park, WA 6017

Australia

Founded in 2003

258 Employees

Phone:

61 8 9445 5333

Fax:

61 8 9244 5914

Key Executives for Racing and Wagering Western Australia

Chief Executive Officer
Chief Financial Officer and General Manager of Finance & Business Services
Chief Steward
General Manager of Human Resources
General Manager of Wagering
Compensation as of Fiscal Year 2017.

Racing and Wagering Western Australia Key Developments

Racing and Wagering Western Australia Appoints Barbara Scott as Chief Steward of Harness Racing

Racing and Wagering Western Australia announced that Ms. Barbara Scott has been appointed as the Chief Steward of Harness racing following an extensive recruitment process. Barbara, who has held the position of Chair of Stewards with Harness Racing South Australia since 2014, was the successful applicant from a strong pool of candidates. Previously she had worked as a Senior Steward with Harness Racing New South Wales and has a long history of involvement with the racing industry.

TAB's Privatization Stalled With Rift Between State Government And Racing Industry

The privatization of Totalisator Agency Board (TAB) looks to have stalled with a rift emerging between the state government and racing industry over control of the sales process. TAB has been holding talks with government ministers over any potential sale, including minimum funding commitments for each of the clubs it represents. However, West Australian Premier Colin Barnett and Treasurer Mike Nahan appear to have hardened their stance over the racing group's role in the mooted sell-off which, if it proceeds, is likely to attract bids from both Tabcorp Holdings Ltd. (ASX:TAH) and Tatts Group Limited (ASX:TTS). Mike Nahan told media the government was in charge of the privatisation should it proceed. "The [racing group] will have a role as an interest group with input into it," said Nahan. "But they won't control the process and they won't make the decisions. They are an input to it, we will listen to them but they want to basically run the sale as if they own it and that's not the case." The Treasurer said the government would consider the best outcome for the public interest. "The public of West Australia own that asset and the government who represents the public will make the decision and undertake the sale." "When we first started this sales process two years ago the response was 'no way, over my dead body'," said Nahan. "They've come on board now and I think we have a consensus in the community and in the industry that it's time the government no longer owned a gambling business." Tabcorp and Tatts are logical front runners in the West Australian privatization. The government appeared to confirm the two companies as the most logical bidders despite the fact a request for proposal has yet to be sent to the industry. "Going forward we will get a consensus for sale and the sale will be a very easy one," said Nahan. "There are only two purchasers in this. Racing and Wagering Western Australia, the owner of the TAB, confirmed it would meet with the racing industry group on May 20, 2016, to discuss developments in the sale. "They are an important body in terms of having endorsement of the racing industry so we are liaising with them on a variety of issues," said RWWA chief executive Richard Burt. However, he noted there was no defined timeframe for any sale. "We may be running the license but we are not aware at this stage what the timeframe is or what the process is," said Burt. "We are experts in running the wagering business but we are not intimately involved in what is happening with a potential sale.”

RWWA To Hire Advisors For TAB Sale

Racing and Wagering Western Australia (RWWA) is in the process to hire bankers for the sale of TAB network. The advisers are starting to position themselves for a role negotiating the sale of TAB. Sources told Street Talk the request for proposal process to spark the spin-off will be split into two stages. RWWA is understood to have held a board meeting in the last few days to discuss the sales process. The second stage will evaluate formal expressions of interest from bidders for the TAB network and is likely to stretch into the second half of 2016. Rothschild, Deloitte, Ernst and Young are in the race for the advisory role. Tabcorp Holdings Ltd. (ASX:TAH) and Tatts Group Limited (ASX:TTS) have already shown their interests and several of the corporate bookmakers including Crown Resorts Limited (ASX:CWN) and Sportsbet Pty Ltd, may also take a look.

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