The economic value Western Australia's racing industry exceeded $1 billion in the 2021-22 financial year, up more than $330 million against pre-pandemic figures.
New wagering group Betr has reportedly bowed out of the bid for the state government's $1 billion betting agency, just weeks after being declared the frontrunner ahead of its national launch.
Senior journalist Claire Tyrrell talks about her recent coverage of sustainability in the building sector, including at a major development near Fremantle.
The state government is remaining tight-lipped amid speculation newly-established wagering group Betr is leading the bid to takeover its $1 billion betting agency.
Political editor Gary Adshead talks about his interview with Michelle Roberts and the former police minister's journey from Labor Party stalwart to Speaker of the Legislative Assembly.
As his final year in parliament wraps up, Mike Nahan reflects on his passion for free-market values, a guiding force during his time as state treasurer.
WA BUDGET: There are at least two parties interested in buying the TAB, with the state government committing to put part of the money raised towards replacing King Edward Memorial Hospital.
Tabcorp has confirmed it is interested in acquiring the Western Australian government-owned TAB, on the same day it announced a 642 per cent rise in profit stemming from its $11 billion merger with Tatts Group.
SPECIAL REPORT: Mathias Cormann has been deeply entwined in the federal government's fortunes this year, while a win on GST distribution has boosted standing for Mark McGowan and Ben Wyatt.
PwC has joined KPMG, BIS Oxford Economics and Investec in winning advisory work on the partial privatisation of Landgate – with each adviser securing increasingly large contracts.
ANNIVERSARY SPECIAL: WA companies have been on the receiving end of nearly every major takeover completed during the past two decades, with Wesfarmers a notable exception. This article is part of a special series to mark Business News' 25-year anniversary.
The state government has announced it will proceed with the sale of gaming agency TAB and introduce a new 15 per cent consumption tax on all betting in Western Australia.
The state government is aiming to decide the future of the TAB by the end of this year, following today's release of a Treasury paper warning that failure to sell the state's betting agency could create a major risk for the longevity of the local racing industry.
BN 25th Anniversary series- WA has been slow to introduce private ownership to some state industries, although a series of moves during the Court era generated benefits, according to one prominent WA economist.
A private interstate investor has purchased the Coles complex in Riverton, which includes a supermarket, a First Choice Liquor, a TAB and a 300-bay carpark, for $32 million.
The state government has completed its analysis of potential sale options of the TAB wagering business, with a two-phase consultation process with the racing industry now set to take place to determine a final outcome.
The state government has revised its budget deficit for the current financial year to a record $2.6 billion but insists the budget outlook has improved while also confirming it has added Landgate to its list of potential asset sales.
The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time.
The board and management of gambling giant Tabcorp should have done more to ensure that the company was meeting its anti-money laundering and counter-terrorism financing obligation, a Federal Court
The state government has been encouraged to follow the lead of NSW and South Australia and privatise its land registry agency, Landgate, which posted a net profit of $20.1 million last financial year.
Treasury costings of the Liberal Party's campaign promises have shown the estimates to be reasonable, with the Liberal's plan showing the state getting back to a small surplus in 2019-20.
Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power's Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.
SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.
Investment banking giant Credit Suisse has dealt a blow to the state government's hopes of a big windfall from the privatisation of Western Australia's TAB, revising its value estimate down by at least 65 per cent to under $250 million.
