tag:blogger.com,1999:blog-22031270.post7633399960853193520..comments2023-11-03T19:05:08.512+11:00Comments on Harry Clarke: No sovereign risk in Tabcorp/Tattslotto decisionUnknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-22031270.post-44357497031357588292008-04-16T14:23:00.000+10:002008-04-16T14:23:00.000+10:00HarryLook closely at the fineprint before you buy ...Harry<BR/><BR/>Look closely at the fineprint before you buy into the idea this is a reform.<BR/><BR/>The industry will still be operated with lisences.<BR/><BR/>Tie that into the 4 Corners story and you have the place where a new load of cash will come from to fill the ALP coffersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22031270.post-75867391156151778912008-04-16T13:52:00.000+10:002008-04-16T13:52:00.000+10:00"why Joan Kirner gave such a huge profit entitleme..."why Joan Kirner gave such a huge profit entitlement to two private companies in the first place"<BR/><BR/>Nobody predicted that Victorian pokies would take off as much as they did. Tabcorp floated in 1994 at a bit over $2.00 which turned out to be a vast underestimate of its value.<BR/><BR/>whyisitso is quite correct. Any business model that relies on government licensing has got a strong whiff of Indonesia under Suharto. Much money can be made, but it can be all easily lost.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22031270.post-33752566223488968072008-04-16T13:28:00.000+10:002008-04-16T13:28:00.000+10:00I think that the promotion of gaming in Victoria w...I think that the promotion of gaming in Victoria was a mistake pushed by both parties. But assigning licences to two private firms which created billions of dollars of wealth transfer that could have been recouped by government is inept. <BR/><BR/>And it is true that a host of ex-Labor pollies and party hacks have worked for the gaming industry. <BR/><BR/>This has nothing to do with how much I 'hate' the Labor Party. It is the way the world is and pointing that out does not mean I am 'losing it'.hchttps://www.blogger.com/profile/13799594181016858701noreply@blogger.comtag:blogger.com,1999:blog-22031270.post-2976784428686436732008-04-16T13:12:00.000+10:002008-04-16T13:12:00.000+10:00HC,I think you are losing it a bit of late with ho...HC,<BR/><BR/>I think you are losing it a bit of late with how much you hate the Labor party. You should face the fact that based on the empirical evidence the Liberals are no better. If I remember correctly, for example, gambling under Kennett increased massively (and there were also similar accusations of corruption), so its clearly both parties that are responsible. Furthermore, Kennett allowed gaming venues with indefinite terms and monopolies to exist, which seems even worse to me.Anonymoushttps://www.blogger.com/profile/05151624855391908999noreply@blogger.comtag:blogger.com,1999:blog-22031270.post-12327855139855444412008-04-16T12:14:00.000+10:002008-04-16T12:14:00.000+10:00I agree that the non-renewal of a licence is not a...I agree that the non-renewal of a licence is not a case of confiscation of property. The reliance on the valuation of a business based on the continuation of government dictat is very foolish. I would have no problem (in fact I would cheer) if restrictions on taxi licences for example were completely removed to be replaced only by regulations governing passenger safety. This would destroy the value of taxi licences overnight. Similarly any valuations based on restrictions on competition, such as used to be applied within the newsgency industry should be viewed with the gravest suspicion by those contemplating investing in such activities.Anonymousnoreply@blogger.com