Tasmanian Government Considers Adding Two New Casinos

This week it was revealed that the Tasmanian government is considering allowing two new casinos to its territory, effectively ending the monopoly that has been run by Federal Group for the past thirty years.

If the plan is passed, Tasmania will have four casinos in operation instead of the current two. The Federal Group currently has exclusive rights to operate casinos, slot machines, and keno games in Tasmania, but that license is due to expire in 2023, opening the possibility for new properties.

If the new licenses are awarded, one of the most likely recipients is David Walsh, an entrepreneur that runs the Museum of Old and New Art, and has had eyes on running a casino that targets high rollers and would be free of slot machines or "pokies" as they are called.

Commenting on the matter Tasmanian Treasurer Peter Gutwein said, "The government's position is that limited new high roller, non-residential casino licenses should be available in Tasmania in addition to the Federal Group's two casinos."

"The opportunity to apply for such a license should be afforded to Mr. Walsh, given he initially came forward with a proposal in respect of financially supporting the Mona museum."

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24 March 2016 - 12:21am

Obviously the authorities liked the way and I guess the taxes that the existing two casinos bring to their budget and decided to allow two new casinos to be opened, and it's really the way things works in the gambling business.