The High Court of Australia has dismissed an appeal in relation to gaming group Tabcorp versus the State of Victoria.

The judgement is in respect of Tabcorp’s appeal against a ruling from the Court of Appeal of the Supreme Court of Victoria delivered in December 2014 in favour of the State of Victoria. The initial proceeding related to Tabcorp’s claim for a payment of $686.83m following the reorganisation of the state’s poker machine industry and the expiration of its licence.

As a result of the Victorian government’s decision in 2008 that Tabcorp was not entitled to the payment, the company incurred charges against its earnings in previous financial years.

The High Court judgement brings an end to a proceeding that has been running since August 2012.