Tag Archives: Tabcorp
- 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...
- Aussie competition watchdog disrupts Tabcorp-Tatts merger
July 10, 2017
The merger of Australian betting firms Tabcorp Holdings and Tatts Group could be on hold after the country's competition watchdog filed to block the union. On Monday, the Australian Competition and Consumer Commission (ACCC) announced it had applied to the Federal Court for a judicial review of last month’s decision...
- Tabcorp-Tatts merger spells doom for UBET, Luxbet betting brands
June 29, 2017
Some made-in-Australia wagering brands appear headed for the chopping block as a result of the pending merger of Tabcorp Holdings with rival Tatts Group. Last week’s approval of the Tabcorp-Tatts merger by Aussie competition watchdogs spells big changes for the local gambling industry, including the possible demise of Tabcorp’s Northern...
- Competition body gives the $8.4B Tabcorp-Tatts merger the thumbs-up
June 20, 2017
There are no longer legal impediments that may derail the AUD11 billion (US$8.32 billion) merger of Australian gambling giants Tabcorp Holdings and Tatts Group The Sydney Morning Herald reported Tuesday that Justice John Middleton of the Australian Competition Tribunal has greenlit the multi-billion dollar merger of Tabcorp and Tatts Group,...