Golden Casket is the public limited lottery corporation in Queensland trading on ASX, Australia. It sells lottery tickets and Instant Scratch-Its tickets (scratchcards) through newsagents and other convenience stores. Lottery draws are televised on Channel Seven four nights a week.
Golden Casket makes a net profit of over A$20M a year, from a turnover of over A$800M. Over A$200M is returned to the Queensland Government.
In April, 2007, the Queensland Government decided to sell off Golden Casket to the gambling company, Tattersall's Limited for $530 million, with the proceeds going to the Royal Children's Hospital. The Government will continue to retain ownership of the Queensland asset, and receive the $150 million held in reserves. Taxes will still be collected from Lotteries, however.
Famous quotes containing the word golden:
“He, that holds fast the golden mean,
And lives contentedly between
The little and the great,
Feels not the wants that pinch the poor,
Nor plagues that haunt the rich man’s door,
Imbitt’ring all his state.”
—Horace [Quintus Horatius Flaccus] (65–8)