Regulatory requirements
These requirements apply to transfer ownership of a gaming venue.
When buying a gaming venue, you must:
- get approval from the Victorian Gambling and Casino Control Commission (VGCCC) before settlement
- include the premises on your Venue operator licence
- transfer the liquor licence
- connect gaming machines to the monitoring system(opens in a new window).
The seller must:
- remove the premises from their Venue operator licence.
Removing premises from licence
To remove a premises from a Venue operator's licence, submit a Remove approved gaming premises application. For a copy of this form please email [email protected](opens in a new window).
*Note: there is no fee for this application.
Including premises on a licence
To include a premises on a Venue operator's licence, submit a transfer and include application kit. For a copy of this form please email [email protected](opens in a new window).
*Note: you will need to pay the application fee.
How we process transfer applications
In order to transfer ownership, the VGCCC investigates the licensee and associates. This includes the funding used to buy the gaming venue.
We review the applications to:
- remove, and
- include approved premises at the same time.
*Note: if approved, your licence will be updated at settlement.
Transfer gaming machine entitlements
To transfer gaming machine entitlements, apply online via the Online Services Portal(opens in a new window). The VGCCC then give both parties the forms to complete the transfer.
To make the transfer final, we add it to the Entitlement Transfer Market Register(opens in a new window).
Agreement with monitoring licensee
When buying a gaming venue, you must enter into a Venue Monitoring Services Agreement with the monitoring licensee. This links gaming machines to the monitoring system.
The monitoring licensee is: Intralot Gaming Services Pty Ltd (IGS).
To learn more about this agreement, contact IGS.
Notify us of the settlement date
Notify the VGCCC as soon as a settlement date has been scheduled. This should be at least 14 working days before settlement.
We suggest you schedule the settlement during business hours. We will work with IGS to make sure tax obligations are recorded for the right venue operator.
*Note: if there's tax adjustments for the day of settlement, it should be part of the settlement.
Notify us upon settlement
Tell the VGCCC as soon as settlement takes place. This makes sure:
- that gaming continues
- there's appropriate assignment of taxes.
Once we're notified that settlement has taken place, we will:
- remove the premises from the vendor’s Venue operator licence
- include the premises on the buyer’s Venue operator licence
- transfer gaming machine entitlements to the buyer.
*Note: late notification of settlement could mean the gaming venue is operating illegally.
The previous venue operator may incur tax responsibility.
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