THE ACT Government is considering selling betting agency ACTTAB.
A government-commissioned feasibility study by PricewaterhouseCoopers found there was a “compelling argument” for a sale.
In a statement released today, Chief Minister Katy Gallagher said ACTTAB, by far the smallest TAB in the country, is vulnerable to increased competition and as it continues to lose market share the value of the business will continue to decline.
“However, a sale can help secure the future of ACTTAB and its employees, and ensure it is better placed to respond to market changes as part of a larger organisation,” Ms Gallagher said.
“From here, we will consult with staff, industry and unions about the Study, and in particular about the sale option. We want to hear their views about the future of ACTTAB.”
The Government expects to makes its decision on whether to proceed with a trade sale of ACTTAB in November.
But the Opposition says the review raises “many issues” and there should be answers sooner.
“We want answers on the future of around 100 permanent and casual employees with uncertainty surrounding jobs in the lead up to Christmas,” ACT Shadow Treasurer Brendan Smyth says.
“What about the future of the service itself and the impact that a sale could have on the local racing industry given the close relationship?
“It’s unfortunate that ACT Labor will keep stakeholders in the dark until November, but the Canberra Liberals will hold the Government to account every step of the way in its handling process.”
The ACTTAB Future Options Feasibility Study is available at www.cwd.act.gov.au.