Beattie's grand Qld sale continues ...
Beattie sells Qld's Golden Casket lottery to Tattersall's for $530 million.
See - Another Beattie asset sell off.
What will he do with the proceeds ...
posted by Concerned Ratepayer at 4:03 PM
Monday, April 16, 2007
See - Another Beattie asset sell off.
What will he do with the proceeds ...
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- Name: Concerned Ratepayer
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For many years, the 4350water blog has informed readers of plans by the Toowoomba City Council (now Toowoomba Regional Council) and the Qld government to introduce recycled water for drinking in Toowoomba. It has also looked at the issue from a State and Federal perspective and dealt with related State and Federal political issues. There continues to be a need for the Toowoomba Regional Council to be completely transparent in its dealings with the ratepayers and residents of Toowoomba. There also continues to be a need for open debate on the benefits and risks of potable reuse and long-term studies on the effects on humans of drinking recycled water. Coal seam gas water is emerging as a possible alternate water source for some uses for the region. The 4350water blog is a collective effort and thanks go to its many contributors.
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1 Comments:
Golden Casket sale proceeds to fund new childrens' hospital.
Excerpt from Courier Mail:
17 April 2007
Treasurer Anna Bligh announced that a new $700 million children's hospital would be funded by selling the management rights of the Golden Casket lottery.
Gaming giant Tattersall's paid $530 million to manage the taxpayer-owned lottery for the next 65 years.
The Tattersall's cash, along with a $150 million reserve held by Golden Casket, will be set aside by the Government to fund the new children's hospital in Brisbane.
...
Under the deal, the state will lose dividends of about $16 million a year to Tattersall's but it will continue to pocket lottery taxes of about $185 million a year.
...
At $530 million for 65 years, that works out at around $8 million per year for an initial return to Tattersall's of $16 million per year. A stellar deal by Tattersall's for its shareholders.
11:06 AM, April 17, 2007
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