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Sheeple




05 December 2014

Victorian government ordered to pay Tatts more than $540m compensation

The Victorian government will have to pay Tatts more than $540m in compensation after an appeal was dismissed in the court of appeal.

An appeal by Tabcorp for compensation of $687m was dismissed at the same time, as the appeal court justices upheld the Victorian supreme court’s decisions on both matters from earlier this year.

Tabcorp and Tatts sought compensation after losing their duopoly over poker machines outside Melbourne’s Crown Casino in 2012 following a government decision in 2008.

The Tatts ruling was for $450m including interest of more than $90m.

The judges released the summary of their decision saying they supported Tatts’ claim largely as a result of an agreement the company made with the government in 1995 providing a termination payment.

They rejected the government’s appeal of the supreme court decision made in June, while the Tabcorp’s appeal of the June decision also failed.

“The court of appeal has now dismissed Tabcorp’s appeal from the decision of the trial judge,” the decision summary says. “This means that all of Tabcorp’s claims have failed.”