By Eva Ivanova

Business

Sky Racing to Utilize AmTote for North American Greyhound Race Coverage

July 29, 2021

Sky Racing World, a subsidiary of Tabcorp, has signed a deal with North American 1/ST TECHNOLOGY to utilize its AmTote International platform. Sky Racing World to Integrate AmTote International Platform Sky Racing World, a subsidiary of Tabcorp, has signed a partnership deal with North American 1/ST TECHNOLOGY to enhance its North American presence through the […]

By Filip Mishevski

Business

Tabcorp Won’t Resist If Credit Cards for Online Gambling Are Banned

July 21, 2021

Australia’s biggest gambling company, Tabcorp, states that it will not oppose a ban on credit cards as a payment method in Australia. The company also added that this will not present a problem, as long as lottery tickets can still be sold by local newsagents. Speaking on the latest developments, including COVID-19, Tabcorp stated that […]

By Julie Moraine

Trading

Tabcorp Denies Bidders, Creates Two Separate Business Entities

July 5, 2021

Australian gambling company Tabcorp Holdings announced today it is not going to sell its media and gaming businesses and instead, will undertake a demerger to split the business into two separate entities. Strategic Review Complete The announcement marks the end of the strategic review undertaken by Tabcorp on March 29, 2021, in an attempt to […]

By Julie Moraine

Business

Entain Ready to Blow Competition for TAB, Mulling AU$4B+ Bid

June 28, 2021

UK-based gambling group Entain is mulling a new enhanced offer for Tabcorp’s media and sports betting assets to blow out competitors and acquire the business, several media in Australia report. TAB Bidding Impasse Having seen its opening bid for the Australian sports betting business of AU$3 billion ($2.3 billion) rejected in February, Entain followed with an improved proposal to AU$3.5 billion ($2.7 billion) in April, and now it […]

By Erik Gibbs

Business

Entain Puts Pressure on Tabcorp to Make a Deal, but a New Wrinkle Emerges via FOX Bet

June 1, 2021

Should Tabcorp decide to spin off its gaming and lottery units into stand-alone companies, it’s going to fail. That’s the message Entain has sent to the company in an effort to convince Tabcorp decision-makers to accept its offer to acquire the units. Australia-based Tabcorp has had difficulty shoring up its gaming operations lately, which led […]

By Erik Gibbs

Business

The Battle for Tabcorp heats up as BetMakers Decides to Join in the Race

May 28, 2021

Tabcorp has suddenly become very popular in Australia, but not with gamblers. The company has fallen on hard times because of COVID-19 and Apollo Global Management and Entain had started a bidding war to try to convince it to sell its gaming assets. A third company has now joined as BetMakers Technology Group Ltd has […]

By Mike Johnson

Business

Tabcorp Receives $4bn Offer by Apollo for Wagering Business

May 7, 2021

As Tabcorp continues with a review of its media and wagering business, Apollo Global Management has entered the bidding process, tabling a $4 billion offer. Apollo Joins the Race for Tabcorp’s Media and Wagering Assets Tabcorp’s (TAB) wagering and media business continues to be as tempting a prospect as ever, as Entain has already submitted […]

By Mike Johnson

Business

Tabcorp Confirms Renewed Entain Bid, Continues with Review

April 27, 2021

Entain has put forward a revised offer to buy out Tabcorp’s sports gambling business with $3.5 billion now the best option available on the table. Bids for Tabcorp Are Still Unsatisfactory The gentlemanly bidding war for Tabcorp’s media and sports betting operations in Australia counties as Entain may have fallen short with its renewed $3.5 […]

By Stoyan Todorov

Business

Tabcorp Turns Down Entain $3bn Bid, Says It’s “Little Light”

March 29, 2021

After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value.   Tabcorp Says No to $3bn Entain Bid  Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]

By Fiona Simmons

Business

Lottery and Wagering Revenue Boost Tabcorp’s Recovery

February 17, 2021

Tabcorp Holdings’ reported a slight 1.5% group revenue decrease for the first half of 2020/2021 with the company’s lottery and wagering units offsetting the slump in the Gaming Services division. Tabcorp On the Path to Recovery After Challenging 2020 Australia’s largest gambling company Tabcorp has released its 2020/2021 interim results for the period ending 31 […]