The state government will outline its plan regarding the future of the TAB, after Tabcorp Holdings was given the go-ahead by the Australian Competition Tribunal today, to purchase Tatts Group.
John McGrath Liberal MP, said the industry supported the privatisation of the TAB.
“The merger of Tabcorp and Tatts clears the pathway to a national tote, which is supported by Tabcorp, and will protect the racing industry from the myriad corporates involved in gaming, but with little interest in our racing industry,” he said.
The McGowan Government is spending $440,000 in finding preliminary advice on options for a potential privatisation of the TAB.
But with the merge of Tabcorp and Tatt, the state Government will need to make a decision on the privatisation, sooner rather than later.
But Mr McGrath does not believe the privatisation of the TAB will provide the certainty that the industry needs.
“The industry needs certainty, and it needs sustainability, and a stand-alone West Australian TAB, competing against Tabcorp and the online bookies, will not deliver the certainty and sustainability the industry needs.
“I encourage the WA Government to get on with what the industry is seeking and engage with Tabcorp about procuring the TAB,” he said.