Submissions to the Joint Parliamentary Inquiry into Future Gaming Markets in Tasmania have now been posted on line. My full submission which includes an analysis of gaming losses and Federal Hotels’ profits since 2003, how the spoils have been divided, a review of Federal Hotels’ promises and outcomes, discussion of the economic and accounting features of gaming as practised in Tasmania and suggestions for the way forward can be found HERE.
The executive summary is provided below.
One of the key terms of reference of this inquiry is to report on the potential structural features of the Tasmanian gaming markets from 2023 onwards. As a prerequisite, it is incumbent to fully understand the current arrangements, the size of the pie and how it is distributed. The primary focus of this submission is to cover the financial aspects of current arrangements.