G+T in NSW Lotteries win

Gilbert + Tobin has celebrated a significant win this week, acting as the principal adviser to the NSW Treasury on the sale of NSW Lotteries. The NSW Lotteries sale, which transferred NSW…

Lawyers Weekly • 04 March 2010 • NewLaw

Gilbert + Tobin has celebrated a significant win this week, acting as the principal adviser to the NSW Treasury on the sale of NSW Lotteries.

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The NSW Lotteries sale, which transferred NSW Lotteries Corporation to Tatts Group Limited and offered a new 40-year exclusive licence to operate public lotteries in NSW, will deliver taxpayers total proceeds of approximately $1.01 billion.

Gilbert +Tobin advised on all aspects of the transaction through the investigation and implementation stages, including transaction structuring, the design of the process, the transaction legislation and lotteries regulatory framework, plus drafting and negotiating the transaction and licence documentation.

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This project follows Gilbert +Tobin's involvement as adviser for the NSW Treasury on competition issues relating to the sales process for the NSW electricity sector.

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