❓ Mr. McGrath questions the Minister for Racing and Gaming about a Morgan Stanley analysis suggesting the WA TAB has excessive operating costs, potentially impacting the racing industry's funding. The Minister denies knowledge of the report.
AnsweredQoN 485Legislative Assembly
QuestionView source ↗
TAB
485. Mr J.E. McGRATH to the Minister for Racing and Gaming:
I refer to an article in The West Australian on 20 June
titled ''TAB needs 'cost cutter'''. Can the
minister confirm the analysis conducted by Morgan Stanley that the Western Australian
TAB has become bloated with operating costs at 55 per cent of revenue, which is
almost double that of Tabcorp and Tatts, and also can the minister confirm that
covering the bloated operations of the TAB could be costing the WA racing
industry in terms of its distribution from wagering?
485. Mr J.E. McGRATH to the Minister for Racing and Gaming:
I refer to an article in The West Australian on 20 June
titled ''TAB needs 'cost cutter'''. Can the
minister confirm the analysis conducted by Morgan Stanley that the Western Australian
TAB has become bloated with operating costs at 55 per cent of revenue, which is
almost double that of Tabcorp and Tatts, and also can the minister confirm that
covering the bloated operations of the TAB could be costing the WA racing
industry in terms of its distribution from wagering?
AnswerView source ↗
Thanks for the question. No, I cannot. I am not familiar with
the report to which the member referred. I understand he is referring to some
article in the back of The West Australian that I did not read. That
aside, I have not seen the report to which the member referred, so I cannot
confirm what he is asking.
the report to which the member referred. I understand he is referring to some
article in the back of The West Australian that I did not read. That
aside, I have not seen the report to which the member referred, so I cannot
confirm what he is asking.
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