Tag Archives: Tatts Group
- 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...
- 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...
- Lottoland sells Jumbo Interactive stake two months after purchase
July 3, 2017
Lottery betting operator Lottoland has sold its stake in Australian online lottery reseller Jumbo Interactive, barely two months after it acquired the shares. In late April, the Gibraltar-based Lottoland paid around A$7.6m (US $5.8m) for slightly more than 3.1m shares in Jumbo Interactive, a division of Australian lottery and betting...
- 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...