19 February 2024: Next Hotel Gaming Tender March 2024

19 February 2024: Next Hotel Gaming Tender March 2024

Next tender for hotel gaming machine operating authorities 

The next tender for hotel electronic gaming machine operating authorities in Queensland will open on Wednesday 28 February 2024 and will close at 4pm on Wednesday 20 March 2024.

Minimum acceptable prices for authorities for sale across the three regions are:

  • South East: $369,431
  • Coastal: $175,282
  • Western: $44,477

The number of available authorities per region will be disclosed when the tender opens on 28 February 2024.

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.

Results of most recent tender – September 2023 Tender Results

The tender opened on 6 September and closed on 29 September. This was the 4th tender under the trial conditions.

Minimum acceptable prices for authorities and the sale results across the three regions were:

RegionAvailable / SoldMinimum Acceptable Price / Average sale price
South East12 / 12$ 352,078 /   $ 400,888
Coastal24 / 24$ 171,771 /   $ 187,367
WesternNil$ 44,477 / No market.

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 907) 3221 6999.