Gambling firm Tatts Group will move its head office from Melbourne to Queensland next year.
Tatts chairman Harry Boon said today that the Queensland Government had helped create an environment with long-term and secure licences for Tatts.
"The growing importance of electronic and online service delivery channels has meant that trusted and facilitative licensing and regulatory arrangements are becoming increasingly important considerations for businesses which reach across State borders," Mr Boon said in a statement.
On August 16, Tatts and gambling company Tabcorp lose their duopoly over about 27,500 poker machines in Victoria, outside of those operated by the Crown casino in Melbourne.
The poker machines will be operated by clubs and hotels.
Mr Boon said at Tatts' annual general meeting in October 2011 that changes to various gambling licences in Victoria had substantially changed Tatts' source of profits.
Tatts had lost the duopoly over poker machines, missed out on the wagering licence and gaming machine monitoring licence in Victoria, and also lost out on securing the Scratchies lottery licence.
But Tatts had secured long-term licences elsewhere: the NSW Lotteries licence for 40 years, the Golden Casket Lotteries licence in Queensland for 65 years, and wagering licences in Queensland and South Australia until the turn of the next century.
Tatts said on Tuesday that about 50 per cent of its revenue will be generated from Queensland in 2013.
The company has substantial business in Queensland, having merged with UNiTAB - formerly TAB Queensland - in 2006.
Tatts has moved often over its lifetime, starting in NSW under founder George Adams around 1881 before moving to Queensland in 1893, shifting to Tasmania in 1895, settling in Victoria in 1954, and now uprooting again to Queensland.
Shares in Tatts were seven cents stronger at $2.76 at 1.47pm.