Entain Plc has this morning confirmed that it has revised its bid to acquire the TAB unit of Tabcorp Holdings, offering the ASX gambling group AUS $3.5 billion (€2.2bn) for its wagering and media division. The revised bid is increased from Entain’s opening offer of AUS $3 billion, proposed on 2 February – with the FTSE100 firm seeking to become …
Read More »
Entain Plc has this morning issued a short statement confirming Australian media speculation that it has made a formal approach to acquire Tabcorp Holdings‘ ‘wagering and media’ assets. The FTSE100 betting group said that ‘discussions were at an early stage’ and chose not to disclose any information with regards to its valuation of Tabcorp’s sports betting assets. Entain stated that …
Read More »
Issuing a market filing, the governance of Australia ASX-listed gambling group Tabcorp Holdings has confirmed the inbound appointment of Anne Brennan as a corporate non-executive director. Updating investors, Tabcorp governance awaits the necessary regulatory and ministerial approval to confirm Brennan’s appointment, with the executive expected to serve as Tabcorp governance advisor from February of next year. An expert in corporate …
Read More »
Artificial intelligence as a means of tackling problem gambling has been announced by Tabcorp Holdings as one of the ways the group has tried to adopt more socially responsible policies in 2018, as announced in its Corporate Responsibility Review published today. The predictive risk analytics technology was rolled out by the group to analyse the wagering behaviour of individuals, and …
Read More »
Australia ASX gambling group Tabcorp Holdings has entered discussions with News UK to terminate its involvement in the Sun Bets joint-venture. Launched in 2016, the operating woes of Sun Bets have been well documented, with the Tabcorp-News UK joint venture reporting operating losses of AUS $46 million (£26 million) for FY2017 trading. Last October, Tabcorp governance moved to place an …
Read More »
Australia ASX-listed gambling group Tabcorp Holdings, has published the final trading statement of Tatts Group Limited, as the companies move to combine their operations in 2018. Publishing H1 2018 results (period ending 31 December), Tatts reports a 19% increase in period revenues generated from ordinary activities of AUS $ 1.37 billion. Tatts revenue uplift was primarily driven by its lottery …
Read More »
Australian bookmaker UBET has unveiled a new digital product that it hopes will eventually lead to paperless tickets in its betting shops. Named TAPPY, the new product allows customers to build a bet on their phone, after which they will receive a unique code that can be scanned at terminals to receive a cash payout. Customers will also have access …
Read More »
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 Holdings and Tatts Group have announced that the combination of the two firms has been completed. A statement from the firm read: “Tabcorp Holdings Limited (Tabcorp) advises that the Scheme of Arrangement (Scheme) in relation to the combination of Tabcorp and Tatts Group Limited (Tatts) has been implemented today. Tatts is now a wholly-owned subsidiary of Tabcorp.” Adding: “Tabcorp …
Read More »
The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …
Read More »
SBC News Voice of the Sports Betting Industry