NEXT TENDER FOR HOTEL GAMING MACHINE OPERATING AUTHORITIES
The next tender for hotel electronic gaming machine operating authorities in Queensland will opened on Wednesday 28 February 2024 and will close at 4pm on Wednesday 20 March 2024.
Minimum acceptable prices and the number of authorities for sale across the three regions are:
• South East: 21 authorities available / Minimum price $369,431.
• Coastal: 47 authorities available / Minimum price $175,282.
• Western: 8 authorities available / Minimum price $44,47.7
This tender is being conducted under the ‘trial’ conditions which have been extended until 30 June 2024
Background: On 1 July 2022, the Government reduced the tax commission (for sellers) on the sale of hotel gaming machine authorities from 33 per cent to 15 per cent for a 12-month trial period. The trial also included the publication of a minimum acceptable price for tendered authorities in each of the 3 authority regions.
Note:
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.
If you have any questions, please contact the QHA on (07) 3221 6999.
