The deal means that Tatts, which already holds the primary Category 1 public lottery licence, will have a monopoly grip over lottery operations in the state.
The transaction has received the approval of the Victorian Government.
Intralot said that the sale of the licence could raise up to A$20m (€14m/$17.5m) and added that the Victorian lottery operation accounted for less than 2% of the international gaming group’s revenues.
“We have opted for a solution which is to the benefit of our retailers and, of course, we will expedite a smooth transition to the new operator,” Intralot Australia executive chairman Peter Sidwell said.
“As represented in other forums, Intralot’s ability to fully exploit the Category 2 licence was materially affected by events linked to the license issuance.”
The Gambling Licensing Review Panel found that Intralot Australia was “unequally treated” during the process that resulted in the awarding of its licence. However, the company said that no corrective measures had been taken by the Government, leaving Intralot Australia “actively pursuing legal remedies before court”.
Related article : Intralot challenges Greek horserace betting licence sale
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