Tabcorp Wins Exclusive Betting License in Victoria for $578 Million
Kate Marshal
20 December 2023
Comment 0
Tabcorp, Australia’s leading bookie, has won the exclusive rights to a new betting and wagering license in Victoria for the next 20 years, Reuters reports.
The gambling giant has agreed to pay $578 million for the license, which it has held since 1994. In response to this news, Tabcorp’s stock soared by as much as 24.8%, marking a potential record-breaking surge in intraday trading.
Tabcorp will pay a license fee of about $406 million to Victoria’s government in June and 19 annual payments of $20.3 million commencing August 2025.
CEO Adam Rytenskild emphasized, “Significantly, the terms of this agreement will place Tabcorp on a level playing field with our competitors for the first time in Victoria.”
It’s worth noting that the bookie signed its current agreement with the Victorian government in 2011, paying $277.6 million to run retail outlets exclusively.
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
