Image for Winners and Losers

Federal Hotels told a Public Accounts Committee in 2003 that its gaming monopoly would assist in underwriting “significant investment strategy in Tasmania”.

Has this happened?

Apart from the mandated Coles Bay development delivered five years late, where has the rest of the gambling loot gone?

To purchase existing businesses?

To pay dividends to shareholders?

Has Federal Hotels become a sustainable tourism industry leader or a debt laden gambling dependent predator?

Download to read the answers:
fed_hotel_V2.pdf