The Liquor and Gambling Commissioner has today announced details of the next round of gaming machine entitlement trading.
Commissioner Dini Soulio said the seventh round of trading will be held on 20 November 2014.
”The Government is committed to achieving a reduction in gaming machines in South Australia,” Mr Soulio said.
“With each trading round, we’re seeing more gaming machines being effectively traded out of the South Australian marketplace, as for ever four entitlements that are sold by a profit-hotel, one entitlement is cancelled.
“Since the market-based trading system was introduced in 2012, we’ve seen a total of 347 entitlements sold, with 56 entitlements being cancelled through the trading system.
“Gaming machine licensees, including the Adelaide Casino, have until 17 October 2014 to lodge applications to buy or sell gaming machine entitlements.
“Under the Government’s trading system, sellers nominate a reserve price for the entitlements they wish to sell while buyers submit an offer nominating the maximum price they are prepared to pay for each entitlement.”
“The Liquor and Gambling Commissioner then matches up buyers and sellers to facilitate the sales.
Additional information about the trading of gaming machine entitlements is available on the Consumer and Business Services website at www.cbs.sa.gov.au.