Reminder: Authorised Sale of Operating Authorities

Tony Baldwin, Partner
Darrell Jardine, Partner
Karen Brown, Associate

Tenders for the next authorised sale of operating authorities close soon so if you wish to make a bid to purchase operating authorities at the next authorised sale, your bid must be submitted by 5:00pm on 18 March 2009.

Who can purchase an operating authority?

To be entitled to purchase an operating authority at an authorised sale, you must:

• be a Category 1 licensee; and

• for each operating authority you wish to purchase, have an approved number of gaming machines that is more than the licensee's endorsed number of operating authorities.

How do you make a bid?

To purchase authorities in an authorised sale you must tender to purchase the number of authorities from the sale pool. You may only submit one Tender Sale Bid Form in each authorised sale of authorities, and you must only submit one Bid Price in each Tender Sale Bid Form in an authorised sale of authorities.