The detailed analysis of the TAB conducted by Treasury and its commercial advisor, Investec has been finalised.
The report provides several different options outlining how a transaction could be structured to ensure it is in the best interests of both the State and the racing industry.
The State Government has indicated it will conduct thorough consultation with the racing industry before any decision is made about the future of the TAB.
Consultation will be conducted in two phases.
Phase 1 will involve discussions with the Racing and Wagering Western Australia (RWWA) Board and its sub committees representing the three racing codes (thoroughbred, harness and greyhounds).
These discussions will centre on the findings of the analysis and key issues for the racing industry. The issues raised in consultation will be closely considered by the State Government before determining the future direction of the TAB.
These consultations are due to be concluded by April 2018.
Phase 2 will depend upon the outcomes of the first phase. If the Government considers it is in the best interests of the State and the industry to pursue a sale, it will release a discussion paper detailing the proposed approach for public comment.