Given that prospectuses for TAH [b]and[/b] TTS included the requirement for the government to repay the licence fees if the licences were not extended upon expiry then I find it hard to believe that Brumby is in the right on this one.
Brumby & Co are just trying to shaft TAH & TTS as well as pretend to lefties that they are tough and won't hand over money that they are legally obliged to pay.
Brumby is a fool if he thinks TAH & TTS will roll over on this issue. In the end the Vic govt will [b]have[/b] to repay the licence fee, and if it proceeds through the courts then possibly TAH's & TTS's legally fees as well.
In the end Brumby will wind up with egg on his face as well as alienating shareholders in TAH & TTS.
I am also certain that, contrary to Brumby's claims, the govt's tax take from pokies will increase from 2012.
licence renewals, page-13
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Last
52.0¢ |
Change
0.020(4.00%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.3¢ | 49.5¢ | $2.207M | 4.294M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 154255 | 7 |
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| TAH (ASX) Chart |