23/07/2024
JUNE 2024 TENDER RESULTS
The tender for hotel electronic gaming machine operating authorities in Queensland opened on 15 May 2024 and closed on 5 June 2024. This was the 6th tender under the ‘new’ trial conditions.
Minimum acceptable prices and the number of authorities for sale across the three regions are:
| Region | Available / Sold | Minimum Acceptable Price / Average Sale Price |
| South East | 72 / 72 | $ $400,157 / $ 485,302 |
| Coastal | 55 / 32 | $ 180,006 / $ 203,662 |
| Western | 9 / 9 | $ 81,322 / $ 100,950 |
THE ‘TRIAL’ TENDER SALE CONDITIONS HAVE BEEN EXTENDED UNTIL 30 JUNE 2025
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.
This trial has been extended for a further 12 months until 30 June 2025.
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.