Advice re Northern Territory TAB

Document date:  Fri 14 Apr 2000
Published:  Fri 14 Apr 2000 00:00:00
Document No:  134074
Document part:  A
Market Flag:  Y

TAB QUEENSLAND LIMITED                        2000-04-14  ASX-SIGNAL-G

HOMEX - Brisbane                                                      

As previously advised TAB Queensland Limited (TABQ) has been
participating in the bidding process for the Northern Territory TAB
(NT TAB) and was one of four short listed parties that were invited
to submit a final binding bid.

TABQ has today been advised by the Northern Territory Government that
it has been0
 selected as the preferred purchaser of the NT TAB. The
Territory Government and TABQ are currently finalising the Sale
Agreement and other associated documentation to conclude the
acquisition. It is anticipated that the transaction will be completed
in July 2000. TABQ will gain exclusive rights to undertake
totalisator race wagering in the Northern Territory and non exclusive
rights for the operation of totalisator sports wagering.

The NT TAB will add 51 outlets to TABQ's d0
istribution network
comprising 12 Agencies, 1 Sub Agency, 20 PubTABs and 18 ClubTABs. The
NT TAB's turnover in 1998/99 of $86.8 million produced revenue of
$14.7 million.

For further information contact Mr Dick McIlwain on (07) 3862 0270.

R M Cooke