Tag Archives: Tabcorp
- Australian federal court derails $8.8B Tabcorp-Tatts Group merger
September 20, 2017
The multi-billion dollar marriage of Australian betting firms Tabcorp Holdings and Tatts Group is once again in limbo after the Federal Court upheld a petition seeking to block the union. Justice Nye Perram tossed the AUD$11 billion Tabcorp and Tatts Group merger deal back to the Australian Competition Tribunal –...
- After false starts, Western Australia pushes ahead with TAB sale
August 28, 2017
The government of Western Australia has reportedly opened up discussions to offload state-owned betting agency TAB. On Monday, the Australian Financial Review reported that the government of WA Premier Mark McGowan is set to appoint an adviser on the sale, after the state’s Treasury received pitches from several banks. TAB,...
- Tabcorp merger costs weigh heavily on Tatts fiscal profit
August 18, 2017
Now is probably not the best time to be in Tatts Group boss Robbie Cooke’s shoes. The weight of Tatts' planned merger with rival Tabcorp is putting immense pressure on Cooke, especially after Tatts' profit dropped 5.7 percent in its most recent fiscal year. In a regulatory filing, lottery and...
- Tabcorp: Luxbet sale now under review
August 7, 2017
To sell Luxbet or not to sell Luxbet – that is the question. Australian betting operator Tabcorp is now deliberating whether to dispose of their Northern Territory-licensed online betting brand Luxbet for the sake of its harmonious marriage with rival Tatts Group. Should the company decide to let go of...
- Pending merger drags Tabcorp to a US$16.6M net loss
August 4, 2017
Australian betting firm Tabcorp has bled millions of dollars in the 12 months through June as its planned merger with rival Tatts Group drags on. In a regulatory filing, Tabcorp reported a AUD20.8 million (US$16.6 million) net loss compared to a net profit of AUD169.7 million ($135.36 million) in the...
- Tabcorp Tatts merger in jeopardy as politics threatens deal
July 11, 2017
The ongoing drama in Australia over the impending (or mayby now not so impending) Tabcorp/Tatts merger is nothing but a show of juridical pretentiousness. It’s hard to tell who even to root for because everyone is clothing their actual wishes and intentions in legalistic nonsense. All sides say they are...
Ask not where bitcoin will be tomorrow, but 10 years from now
September 19, 2017