Tabcorp Holdings Limited · ASX:TAH

Tabcorp — Corporate Update (October 2007)

8 slides from Tabcorp's corporate update, Oct 31, 2007

  1. Slide 1: Agreement in Principle on Star City Casino duty and exclusivity

    For personal use only Agreement in Principle on Star City Casino duty and exclusivity Investor briefing Walter Bugno Chief Executive – Casinos Division Tabcorp Holdings Limited 31 October 2007 1

  2. Slide 2: Summary

    For personal use only Summary ¾Tabcorp and the NSW Government have concluded their negotiations with an agreement in principle covering the extension of Star City exclusivity, EGM tax rates and a number of important operational parameters ¾While the agreement will further increase Star City’s tax bu

  3. Slide 3: Negotiated terms

    For personal use only Negotiated terms Terms Current New Applicable date - November 2007 Term - 12 years Region of exclusivity NSW NSW Casino duty Electronic gaming machines 24.50% Combined CPI Non rebate tables CPI adjusted tax adjusted tax brackets brackets* International rebate business 10% 10% D

  4. Slide 4: Product outcomes

    For personal use only Product outcomes Product Current New Additional product Table Games 210 unlimited Electronic gaming machines 1,500 incl MTGM 1,500 excl MTGM Multi-terminal gaming machines incl in EGM pool unlimited (classified as table game) Remote table games - unlimited (classified as table

  5. Slide 5: Negotiated competitive equalisation outcomes

    For personal use only Negotiated competitive equalisation outcomes Competitive equalisation Current New Domestic rebate program N/a From $25,000 Preferential tax on international and No 10% Domestic EGM play Preferential tax on Domestic PGR play No 10% Cash-back for International and No Yes Domestic

  6. Slide 6: Regulatory

    For personal use only Regulatory The NSW Government has agreed to support a review of a number of regulatory requirements: ¾Reduction in supervisory limits ¾Review of Casino Control Act including Clause 10, controlled and notifiable contracts ¾Reduction in authority surveillance staff ¾Casino licenc

  7. Slide 7: Financial outcomes

    For personal use only Financial outcomes Financial outcomes Payment for Package $100m (payable in 2 equal instalments FY08/FY09) Impact on overall average Casino Duty Rates at FY07 revenue Current New FY08 24.1% 24.1% FY10 - 24.5% FY12 - 26.5% FY17 - 27.5% Assumes FY07 Normalised Net Revenue of $581

  8. Slide 8: Discussion

    For personal use only Discussion 8

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