I think it's being held in the RQ accounts unexpended.....would need to check the annual report to confirm and I haven't seen or heard anything apart from the few words spoken on TV news last night. Pretty poor deal and the trots haven't got anything either after losing Parkland .
If it is unexpended in RQ's accounts you can bet it is headed for Government's Con Rev. ready to be spent getting cheap votes at the next election.
This happened on a massive scale when the NSW Govt at the time sold the TAB and gave the 3 codes zilch in spite of their obvious implied ownership - unlike Victoria where they got a share of poker machine revenue that reached $23 million a year at one stage as compensation for the loss of their wagering arm.
Like happened in the past in Victoria, and is happening now in NSW, you must have the Government on side and not politicizing racing.
If the Government changes at the next NSW election - looking increasingly likely, the opposition leader Luke Foley is a big racing fan and has been supportive of any changes all along.
I'm really shocked and saddened by what is happening in Queensland racing, and the theft of assets does not surprise. In amongst all the finger pointing, successive governments must take responsibility for this politicization, and someone fix it up. Unfortunately the political will to do this seems to be absent at this time in our history. It will have to change one day. You'd hope
Being cheap and nasty with industry assets doesn't help. Has any politician come out yet and used those famous words from Michael Egan (NSW Treasurer when the TAB got sold) and stated "we need the money for hospitals and schools". If not, wait for it. It will come