The Australian Capital Territory government is planning to sell its ACTTAB betting agency amidst increasing competition from the online betting market, local media reports. The sale follows a feasibility study carried out by PricewaterhouseCoopers.
Treasurer Andrew Barr said he will seek the agreement of the Legislative Assembly next week before arranging for ACTTAB to be sold through a competitive bid process. ACTTAB turns over more than $100 million annually, but last financial year delivered only $1 million profit for the Government.
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