- Published:
- Friday 14 April 2023 at 1:14 pm
The Victorian Government recently announced some key decisions on the allocation of new gaming machine entitlements in Victoria for 2022 and beyond.
These changes have been made as part of a review of the regulatory arrangements for gaming machines.
The changes include:
- Replacing the current 10 year term with a 20 year term, and requiring venue operators to make two sets of premium payments – the first in 2022 and the second in 2032.
- Giving venue operators the opportunity to acquire post-August 2022 entitlements up to the number of entitlements they held on 7 July 2017 through an administrative allocation process, rather than a competitive process.
- Increasing the maximum number of entitlements held by a club venue operator from 420 to 840.
- Adjusting the 50:50 rule to facilitate the allocation of unused club entitlements to the hotel sector.
- Determining premium payments for entitlements based on a venue’s gaming revenue.
- Making changes to the current gaming machine taxation arrangements to make them more progressive.
The allocation process is expected to be complete the end of next year.
New venue operators and existing venue operators wanting to acquire extra entitlements will have the opportunity to apply for entitlements not taken up during the initial offer.
Further information is available at the Department of Justice and Regulation’s website.
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