Department of Infrastructure, Transport, Regional Development, Communications, Sport and the Arts

Correspondence Held By The Office Of The Minister For Communications Sent Or Received Between 22 April 2024 And 18 July 2024 Which Contain The Key Words "the Lottery Corporation" "keno"…

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Correspondence Held By The Office Of The Minister For Communications Sent Or Received Between 22 April 2024 And 18 July 2024 Which Contain The Key Words "the Lottery Corporation" "keno" "foreign-Matched Lotteries"

Document MO 25-233 (6.1 MB) Released 43 pages PDF

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This disclosure contains correspondence between The Lottery Corporation and the Department of Infrastructure's Broadcasting and Gambling Regulation Section from May 2024 regarding an Equity Analyst Platform (EAP) note analyzing The Lottery Corporation and its competitor The Lottery Office. The note, dated 17 May 2024, was shared with departmental officials following media coverage in the Australian Financial Review. The document includes equity research containing stock valuation analysis, with The Lottery Corporation priced at AUD5.15 and valued at AUD6.00, projecting 19.8% expected shareholder returns. The disclosure demonstrates government engagement with The Lottery Corporation on gambling sector matters during this period, though the substantive policy content of the EAP note itself is not detailed in the released excerpt.

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