Tag Archives: ASX

Aristocrat confirms departure of Dr Ian Blackburne as corporate chairman

The governance of Australia ASX-listed Aristocrat Leisure has this morning disclosed that Dr Ian Blackburne will step down as corporate Chairman, at the firm’s upcoming ‘Annual General Meeting’ scheduled for 21 February 2019. Filing an ASX update, Aristocrat governance details that it will move to appoint Non-Executive Director Neil Chatfield as new company Chairman succeeding Dr Blackburne in 2019. The …

Read More »

Tabcorp parts company with under investigation Elmer Funke Kupper

Business news source, ‘The Australian’ reports that Elmer Funke Kupper will no longer serve as a Tabcorp Holdings’ Director, detailing that the executive will depart the company in October. Funke Kupper was the former Managing Director & Chief Executive of Tabcorp Holdings from 2007-2011. In 2011, Funke Kupper left the Australian gambling group to take up leadership of the Australian Securities …

Read More »

Crown Resorts agrees to CrownBet sale

Copyright: amasterpics123 / 123RF Stock Photo

Crown resorts has announced an agreement to sell its stake in CrownBet, as part of the company’s ongoing debt reduction strategy. The Australian gaming and entertainment group is to recoup AU$150m for its 62% interest in CrownBet, together with loans advanced by it to CrownBet. In a statement released to the Australian Securities Exchange (ASX), it was detailed that a …

Read More »

Tabcorp ends Odyssey affair as Tatts investors approve of marriage

Australia ASX listed gambling group Tabcorp Holdings has confirmed that it has completed its full divestment of Odyssey Gaming Services (Odyssey). Updating investors, Tabcorp confirms that it has fully sold its gaming machine and venue solutions supplier to Australian National Hotels Pty Limited, a transaction initially agreed in April 2017. The divestment of Odyssey is in accordance with merger demands …

Read More »

TopBetta raises AUS $9 million for ‘Global Tote’ US & Euro expansion

Updating the market, Australian ASX-listed racing pools operator TopBetta Holdings has confirmed that it has raised AUS $9 million (€6 million) to expand its international services.   The funding round has seen TopBetta governance place an allotment of +21.4 million shares priced at 42 cents, with firm securing investment from ASX institutional investors. Moving forward, TopBetta governance seeks to expand …

Read More »

Las Vegas relocation sees Toni Korsanos step down as CFO of Aristocrat Leisure

Australia ASX-listed gambling technology firm Aristocrat Leisure is seeking a new Chief Financial Officer (CFO), following the decision of current incumbent Toni Korsanos not to relocate to Las Vegas. Following a corporate restructure, Aristocrat has plans to relocate its executive management team to Las Vegas, moving the company closer to its main market. However, Korsanos who has acted as CFO …

Read More »

TopBetta Australia ups racing profile with Mad Bookie acquisition

Updating the market, Australia ASX-listed online bookmaker TopBetta Holdings Limited (TopBetta) has agreed to acquire racing specialist bookmaker Mad Bookie Pty. TopBetta governance detailed that the deal would defer payment of the purchase price until after the first 12 months, which will allow the TopBetta business to maintain cash flows over the initial period. Seeking to expand its profile within …

Read More »

Spring Carnival proves fruitful ground for TopBetta

A successful Spring Racing Carnival has seen Australia ASX-listed betting and fantasy sports operator TopBetta Holdings (TopBetta) report corporate wagering of AUS $14.5 million (£8.5 million) up 21% quarter on quarter.  Issuing a corporate update, TopBetta revealed that the company had seen an all-time 61% high in active player numbers during Q4 2016 (period ending 31 December). TopBetta governance pointed …

Read More »

Analysts cool on Ladbrokes Coral interest in Tabcorp

Australian ASX analysts appear to be cool on the prospects of newly formed Ladbrokes Coral Plc acquiring Tabcorp Holdings for a reported + £2 billion offer. UK business news sources reported this weekend that Ladbrokes Coral governance had asked advisers to study a potential approach for ASX-100 Tabcorp. However, Australian business analysts have questioned the logic of Ladbrokes Coral’s approach …

Read More »

Go South! Ladbrokes Coral studies £2 billion bid for Tabcorp Australia

Less than a month after officially completing its £2.4 billion merger (announced 1 November), the governance of Ladbrokes Coral Plc is reported to be studying a potential £2 billion takeover of Australian gambling operator Tabcorp Holdings. Eager to expand its global footprint, Ladbrokes Coral are reported to have appointed advisers consulting the FTSE operator on its approach for the Australian …

Read More »