The Federal Group has rejected accusations the tying of its redevelopment plans for Wrest Point Casino to the extension of its exclusive gambling licence in Tasmania amounts to “corporate blackmail”.
The company yesterday unveiled its plans for a $70 million upgrade to its Hobart casino, but warned the investment was on hold until the State Government decided on the future of the monopoly deal.
The Tasmanian Greens and independent MP Andrew Wilkie have both labelled it as an attempt at corporate blackmail.
Federal Group’s head of corporate affairs Daniel Hanna told 936 ABC Hobart its business relied on licences to operate.
“With our licences matu…
Read the full article at: http://www.abc.net.au/news/2015-12-16/federal-group-rejects-corporate-blackmail-claim/7032580