Shares in Tabcorp rose as much as 2.1 per cent today after it reached a deal with the NSW Government to remain the sole owner and operator of a casino in NSW. The company owns the Star City casino in Darling Harbour, Sydney. “NSW remains a one-casino state,” NSW Premier Morris Iemma told reporters. By mid afternoon, Tabcorp was up 1.3 per cent at USD 15.31 in a broader market down 0.4 per cent.

Embattled casino and gaming company Tabcorp has begun talks with the NSW Government over the exclusivity arrangements for its Star City casino licence in Sydney. Acting Tabcorp chief Elmer Funke Kupper is believed to have met with the new NSW Gaming Minister, Graham West, earlier this month. It is understood separate discussions are under way between the department, Tabcorp and Star City management over the exclusivity arrangements.