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Issued: Friday, 12 February 2016
The NSW Government has agreed to extend the licence for the game of Keno until 2050, Deputy Premier Troy Grant said. The current Keno licence was due to expire in 2022. The agreement follows a commitment made under the 2010 Memorandum of Understanding (MOU) between the NSW Coalition and ClubsNSW. Under the agreement, the State will now receive more than $231 million in licence fees. Mr Grant said the NSW Government has approved a 28-year extension of the Keno licence for the operators of the game, ClubKeno Holdings Pty Ltd (a subsidiary of ClubsNSW) and Keno (NSW) Pty Ltd (a subsidiary of Tabcorp), until 1 April 2050.
“As part of the licence renewal agreement, the Government will receive $231.2 million in licence fees. Previously there was no licence fee in relation to Keno so this represents additional money that can be invested into services and infrastructure for NSW,” Mr Grant said.
“The Government committed to review and extend the existing Keno licensing arrangements under the 2010 Memorandum of Understanding (MOU) between the NSW Coalition and ClubsNSW.” Keno is a popular licensed game of chance that is offered in many licensed venues and involves 20 numbers drawn from 80 with players required to match their numbers to those drawn for a chance to win In NSW, Keno is played in registered clubs and hotels as well as at The Star casino. In addition to the payments to government, the extension of the Keno licence through to 2050 will provide long-term certainty to the operators of Keno and allow for a greater level of investment in the game from the licensees. To support the new arrangements, amendments to the Public Lotteries Act 1996 will be required and I will be introducing a bill in the next Parliamentary session.