Victoria State Government considers non-exclusive wagering license deal
The Victoria state government in Australia is exploring the possibility of a non-exclusive wagering license, with Tabcorp willing to share the license while securing a monopoly in certain areas.
The Victoria state government in Australia is reportedly considering a non-exclusive deal for the state's wagering license, allowing multiple gambling companies to participate.
While Tabcorp and Intralot have shown interest in the exclusive license, Sportsbet and PointsBet are said to be interested in a cheaper non-exclusive license.
Tabcorp is willing to share the license while maintaining a monopoly in pubs and clubs, which influenced Entain's decision to withdraw from the bidding.
The government has not yet determined the value of the license or whether it will be exclusive or open to multiple license holders.