Australian Gambling – Racing Queensland and Tatts Group have entered into a wagering agreement which they hope guarantees the future of the industry in the state.
Tatts Group will pump an additional $850 million into the racing industry over a 30 year period, with the length of time a big factor in the deal going through.
Racing Queensland officials believe the length of the agreement guarantees the 30,000 people involved in the industry a bright future.
The two parties and the Queensland state government facilitated the deal, which includes Racing Queensland getting a share of fixed-price sports betting revenue.
“This deal sees Tatts Group contribute an additional $850 million to the racing industry, including a share of fixed-price sports betting revenu…