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Australia – Tabcorp highlights cost of planned Tatts merger as it falls in 2017

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Australian gambling group Tabcorp reported a A$20.8m loss in 2017 in what it described a ‘strategically important year for Tabcorp.’ The group highlighted the $54m it has invested on its proposed merger with Tatts, as well as disappointing results from its UK operation Sun Bets. The $20.8m loss in 2017 followed a profit of $169m… Read more »

Australia – Jason Scott appointed as Ladbrokes Australia CEO

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Ladbrokes Coral have appointed Jason Scott as CEO of Ladbrokes Australia following his successful time in charge as interim CEO. Mr. Scott took over from Dean Shannon in February this year on an interim basis and will become the permanent CEO with immediate effect. Jason Scott has been an integral part of the Australian management… Read more »

Australia – Australian Competition Tribunal authorises proposed combination of Tabcorp and Tatts

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The Australian Competition Tribunal (Tribunal) has given its seal of approval to the $11.3bn merger of Australia’s two biggest betting businesses, Tabcorp and Tatts. As part of the deal, Tabcorp has agreed to sell its gaming machine monitoring Odyssey Gaming business in Queensland to Australian Federal Hotels. As part of the Tribunal authorisation process, Tabcorp… Read more »

Australia – SIS and Tabcorp herald new UK greyhound partnership after flying start

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SIS and Australia’s leading gambling and entertainment company, Tabcorp have welcomed a strong start to their UK greyhound partnership. Tabcorp’s racing media arm, Sky Racing commenced broadcasting pictures across Australia from UK stadia in February after striking a deal with SIS, for the supply of UK greyhound racing live pictures and data. Despite only a… Read more »

Australia – Tabcorp signs exclusive betting deal with Australian Hotels Association

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Australian betting giant Tabcorp has announced a new five-year wagering partnership with New South Wales hotels through the Australian Hotels Association NSW. The deal sees the AHA’s 1116 NSW member venues nominate Tabcorp as their exclusive wagering partner, giving them access to enhanced benefits and expanded access to Tabcorp’s unique digital commissions model. NSW hotels… Read more »

Australia – Tabcorp lodges application with Australian Competition Tribunal

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Australian sports betting giant Tabcorp has lodged an application with the Australian Competition Tribunal for authorisation to proceed with the proposed combination of Tabcorp and Tatts Group. The combination of Tabcorp and Tatts is anticipated to provide a wide range of benefits for stakeholders, including the Australian racing industry. Since announcement of the Transaction, Tabcorp… Read more »

Australia – Macquarie bid to challenge Tabcorp’s merger with Tatts

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A consortium including Macquarie Group, Morgan Stanley and First State Super has tabled a bid for Australian lottery and betting operator Tatts Group. It challenges Australian betting rival Tabcorp’s $11.3bn plan to merge with Tatts. Whilst Tabcorp wants to buy Tatts Group in its entity, the Macquarie consortium wants to buy Tatt’s lottery business for… Read more »

Australia – Ladbrokes considering Tabcorp takeover bid

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British bookmaker Ladbrokes Coral is considering a £2bn takeover bid for Australian operator Tabcorp Holdings. Tabcorp, Australia’s largest bookmaker, has just confirmed it has bought 10 per cent of its takeover target Tatts Group for A$638m. Tabcorp last month agreed to buy lottery operator Tatts for A$6.4bn to create a gambling giant in Australia. Ladbrokes… Read more »

Australia – New legislation could force big betting names out of Australia

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The Australian government is looking to crackdown on online sports betting, which could see a host of top gambling names quit the market. Following a review of existing legislation, Communications Minister, Mitch Fifield, has presented the Interactive Gambling Amendment bill 2016 into parliament. The new laws provide the Australian Communications and Media Authority (Acma) with… Read more »

Hong Kong – Hong Kong Jockey Club hits new highs

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Despite the economic downturn, the Hong Kong Jockey Club enjoyed another outstanding year, with overall turnover for the financial year (ending 30 June 2016) at just over HK$202.70bn, up by almost six per cent. Racing turnover for the financial year was up by 1.8 per cent to just over HK$107bn. Football turnover was up by… Read more »