International Federation of Horseracing Authorities

Countdown to the event

days
hours
mins
secs


Resources


News

Friday, January 09, 2009
Australian tote sale

The Treasurer of Australian state Tasmania announced the sale of the government owned tote by 30 June 2009. According to the government, "maintaining a wagering business in public ownership is not a core function of government".

The tote will be sold in a competitive bidding process. After privatisation, the tote will be controlled by the Tasmanian Gaming Commission.

The government will develop a new funding model for the racing industry, which is much dependend on tote revenues today.