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News / July results of recent gaming machine operating authority tenders /  

July results of recent gaming machine operating authority tenders

30 July 2013

The results from the latest sale of operating authorities have now been released.  Despite high demand, with all available operating authorities in all 3 regions being sold out, prices decreased slightly for South-East ($77,398 - down 1.4%) and Coastal ($51,838 - down 1.6%).  However, prices increased significantly for Western ($44,722 - up 43.8%).

Tender Date

Jul-09

Nov-09

Mar-10

Jul-10

Feb-11

Jul-11

Nov-11

Mar-12

Jun-12

Nov-12

Mar-13

Jul-13

South East

Number Sold:

23 (152)

48 (166)

57 (189)

7 (143)

5 (151)

117 (148)

31 (131)

0 (0)

47 (134)

234 (311)

113 (113)

43 (43)

Average Price:

$123,487

$112,708

$112,491

$90,174

$80,000

$91,378

$99,432

N/A

$86,767

$67,152

$78,468

$77,398

Coastal

Number Sold:

16 (16)

15 (26)

10 (19)

12 (61)

8 (113)

3 (129)

40 (122)

53 (82)

28 (77)

58 (148)

31 (96)

68 (68)

Average Price:

$111,650

$97,130

$72,800

$74,275

$72,500

$75,100

$64,780

$65,600

$64,465

$56,548

$52,694

$51,838

Western

Number Sold:

0 (37)

3 (37)

0 (34)

0 (52)

27 (61)

5 (34)

24 (39)

4 (5)

11 (11)

13 (13)

9 (10)

TBA (9)

Average Price:

N/A

$22,000

N/A

N/A

$18,704

$19,000

$18,184

$25,000

$33,700

$34,412

$31,092

$44,722

Contribution to CIF

$1.4M

$2.1M

$2.2M

$458K

$446K

$8.3M

$3.8M

$1.1M

$2.2M

$7.2M

$7.1M

$4.2M

Figures include GST and are prior to payment of government charges.  The figures in brackets indicate the total number of operating authorities available.

 

For more information, please contact:

Curt Schatz | Partner
Mullins Lawyers
t +61 7 3224 0230
f +61 7 3224 0333
cschatz@mullinslaw.com.au

Matthew Bradford | Senior Associate
Mullins Lawyers
t +61 7 3224 0353
f +61 7 3224 0333
mbradford@mullinslaw.com.au

 

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