{"id":22794,"date":"2021-09-20T13:12:13","date_gmt":"2021-09-20T16:12:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22794"},"modified":"2026-04-23T15:32:28","modified_gmt":"2026-04-23T18:32:28","slug":"federal-group-protests-tasmania-licence-changes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/federal-group-protests-tasmania-licence-changes","title":{"rendered":"Federal Group protests Tasmania licence changes"},"content":{"rendered":"\n

Federal Group casino claims the government didn’t notify it about a change in rules to end the company’s exclusive licence agreement.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Federal Group<\/a>, a company primarily known for its casino and gaming assets in Tasmania, has claimed\u00a0authorities did not appropriately inform the company about changes to its exclusive licence agreement<\/strong>\u00a0to operate electronic gaming machines (EGM) within two years.<\/p>\n\n\n\n

According to Federal Group, the 2003 deed between the Crown and the company included a rolling term that guaranteed\u00a0Federal Group would be provided with no less than four years’ notification\u00a0<\/strong>of any changes to previous arrangements.<\/p>\n\n\n\n

According to this agreement,\u00a0the earliest date the new gaming plans could be applied is July 1 2026<\/strong>, but Tasmania has said it plans to end the company’s exclusive licence on July 1 2023.<\/p>\n\n\n\n

Federal Group said: “We would urge the Tasmanian Government to remove the proposed amendment\u2026 and to end the 2003 Deed of Agreementafterf the rolling term period – therefore honouring the terms of the 2003 deed.”<\/p>\n\n\n\n

The company said the change could cost it almost AU$25m (US$18m) per year<\/strong>\u00a0(around one-quarter of the AU$108m it produced during the 2019-2019 financial year).<\/p>\n\n\n\n

The Tasmanian Government said: “The legislation, which will be introduced into the Parliament later this year, implements the government\u2019s policy which was clear that the new arrangements would start in 2023 and\u00a0Federal Group supported this policy at the 2018 election<\/strong>.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Federal Group casino claims the government didn’t notify it about a change in rules to end the company’s exclusive licence agreement.<\/p>\n","protected":false},"author":176,"featured_media":21626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Federal Group alleges the Tasmanian Government is prematurely terminating its exclusive electronic gaming machine (EGM) license, violating a 2003 deed requiring four years' notice and potentially costing the company AU$25m annually. The government contends Federal Group supported the 2023 start date for new regulatory arrangements, despite the company's claim that the earliest valid termination date is July 1, 2026. This dispute highlights a significant governance and contractual disagreement impacting a key gaming operator.","focusai_entities":"Federal Group, Tasmanian Government, The Crown","focusai_location":"Australia, Tasmania","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Legal Precedent Impact","query":"What are the potential legal ramifications for the Tasmanian Government if Federal Group successfully challenges the early termination of its exclusive EGM license based on the 2003 deed?"},{"label":"Financial Risk Assessment","query":"How would the projected AU$25m annual revenue loss impact Federal Group's capital allocation strategies and future investment in its Tasmanian gaming verticals?"}],"footnotes":""},"categories":[16336,156],"tags":[23911,23907],"class_list":["post-22794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-gambling-regulation","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22794"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22794\/revisions"}],"predecessor-version":[{"id":22805,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22794\/revisions\/22805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21626"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}