Authorised Sale of Gaming Machine Operating Authorities - the Public Trustee of Queensland has advised the next tender which closed at 4pm on Wednesday 14th September 2022.

This is the first tender under the changed conditions:

As of 1 July 2022, the transfer fee deducted from the sale proceeds of gaming machine operating authorities will reduce from 33% to 15% for a 12-month trial period.

In addition to the reduced commission, a minimum acceptable price for tendered authorities in each of the 3 authority regions will be established and published. The minimum acceptable prices for the next (September) public tender will be as follows:

  • South East Region = $214,512
  • Coastal Region = $126,997
  • Western Region= $17,360

These minimum acceptable prices are set to act as a reserve price, rather than a guarantee that bidders will be able to obtain an operating authority at that price or a guarantee to sellers that their operating authorities will be sold. The number of operating authorities available within the tender pools will still be determined by the amount that are decreased from existing venue’s holdings.

  • Region
  • Available
  • Minimum Acceptable Price
  • South East
  • 39
  • $214,512
  • Coastal
  • 65
  • $126,997
  • Western
  • NIL
  • $17,360

The hotel sector is at capacity under our cap of 19,500 EGM’s. Authorities only become available via existing venues decreasing EGM’s or surrendering entire gaming licence within each respective pool’s geographic area.