Tattsbet buys the TOTE

Tasmania's wagering service, the TOTE, has been sold this week to Tattsbet, which currently runs the state TABs of Queensland, South Australia and the Northern Territory. The TOTE holds the exclusive off-course betting rights in Tasmania, namely betting shops and hotel outlets plus racecourse operations. They also supply all the Australian tote betting services to Betfair, and are currently linked into the SuperTAB pools for selected markets, something which will surely change.

TOTE sold to Tatts group

TOTE Tasmania has been sold to Tattsbet Limited, a wholly owned subsidiary of Tatts Group Limited. Premier Lara Giddings made the announcement at a hastily convened press conference at Hobart Airport this afternoon before leaving the state for the national Labor Conference.

TOTE was sold for approximately $103 million.

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