A single 10-year licence for Keno was awarded to Tabcorp Investments No.5 Pty Ltd.
The 10-year Keno licence commenced on 15 April 2012. Over the term of this licence, Tabcorp Investments will be authorised to conduct and distribute Keno games in eligible hotels, clubs and wagering outlets throughout Victoria, and have the right to offer approved simulated racing games.
Keno is a rapid-draw game in which a set of numbers is drawn through a random number generator from a pool of numbers. The numbers are then posted electronically in venues.
The Keno licence and agreement (PDF, 1.44 MB) between the state and Tabcorp Investments is available for download.
On 5 April 2012, the Minister for gaming amended this agreement:
On 18 February 2015, the Minister for Consumer Affairs, Gaming and Liquor Regulation amended the Keno Agreement to facilitate the Keno linked jackpot arrangements approved on 31 October 2014:
The Victorian Commission for Gambling and Liquor Regulation has provided technical standards and guidelines that must be met for the implementation of a Keno system in Victoria. To view this standard, please go to Standards for gaming machine operators.
Essentially all Keno games are the random drawing of a set of numbers from a larger pool of numbers. The lottery game authorised by, and conducted by, Intralot under the lotteries licence is drawn on a daily basis (drawn once a day at 8pm) and is part of the suite of lottery games authorised by that licence. It is only available at Intralot outlets.
The Keno game in venues, which Tabcorp Investments No.5 Pty Ltd is authorised to conduct and distribute, takes the form of a rapid draw lottery, the outcome of which is determined by a random number generator drawing a set of numbers from a larger set of numbers. Following the game, the numbers are posted electronically in venues.
The Gambling Regulation Act 2003 requires that the return to players from Keno must be no less than 75 per cent of ticket sales.
Under the Keno licence, no less than 75 per cent of the total amount of ticket sales is required to be returned to the players as prizes.
Of the remainder of player expenditure, the State and Commonwealth Governments receive a total of 33.33 per cent of that remainder (including GST) and the remaining amount is subject to arrangements between those parties.