Tag: Tabcorp

Betting boom gives unloved Yahoo new lease for life

Yahoo sports betting
No sooner had Verizon declared that sports betting would be the key to unlocking the potential of its dwindling subsidiary, Yahoo, than Apollo Global Management paid $5bn to take it off them and do exactly that.

Tabcorp first on line in long-awaited Western Australian TAB sale

Tabcorp has expressed an intention to purchase the Western Australian TAB, following the state government’s decision to sell the business in a deal estimated to be worth $353m. The operator submitted a proposal to the Department of the Treasury after…

Tabcorp lets sun set on Sun Bets partnership

Tabcorp has announced it will terminate its involvement in UK-facing online gambling site Sun Bets, pending withdrawal discussions with operating partner News UK. The $9bn Australian operator has reassessed its involvement with the Sun newspaper…

Tabcorp-Sun Bets venture under review

Australian bookmaker Tabcorp says its joint venture with British tabloid, The Sun, is to be subject to a review, after another disappointing set of figures dragged down its FY profits.   The group said that Sun Bets attracted only $2.9m in revenues in the second half of 2017, leading to an unpleasant net loss of some $18m. Tabcorp’s poor UK performance...

Yggdrasil adds The Sun, Tabcorp to UK rosta

Sun Tabcorp
  Swedish slot designer Yggdrasil has made yet more strides into the British market - now set to feature on Tabcorp’s Sun Vegas.   Tabcorp, in partnership itself with UK’s most read tabloid, The Sun, will benefit from Yggdrasil’s award-winning promotional tools, BOOST as well the social sharing tool BRAG. “It has been almost two years since we made the strategic decision to...

Supreme Court of Victoria orders Tatts shareholders to vote on Tabcorp-Tatts merger

The Supreme Court of Victoria, Australia has ordered a meeting of Tatts shareholders to consider and vote on the merger of Tabcorp and Tatts via a Scheme of Arrangement.   Tatts has since released details of the Scheme meeting, including the Scheme Booklet and the Independent Expert's Report on the ASX. Tabcorp's chairman Paula Dwyer (pictured, left) said: "The release of the...

SIS and Tabcorp’s greyhound partnership a hit in Australia

Betting Business - SIS Tabcorp Greyhound Australia deals vermantia
A partnership between SIS and Tabcorp which provides UK greyhound races in Australia has got off to a flying start with encouraging figures and turnover.   The leading streaming supplier SIS and Australia’s foremost gambling and entertainment company, Tabcorp have heralded a positive start to their UK greyhound partnership. Tabcorp’s racing media arm, Sky Racing commenced broadcasting pictures across Australia from UK...

Tatts shuns ‘Pacific Consortium’ takeover bid

Betting Business, Tatts Group, Tabcorp, Macquarie Group, Gabriel Radzyminski,
Australian lottery and wagering firm Tatts Group has snubbed a disruptive rival bid from a Macquarie-led consortium of investors, due to valuations that were ’either incorrect, inconsistent or unknown.’   Having seemingly nestled into an All-Aussie merger with Tabcorp, Tatts Group became the subject of a bidding war in December when a consortium of investment firms sought to poach the deal...

Ladbrokes-Coral eyes up merger opportunities down under

Betting Business, Ladbrokes-Carol, Tabcorp, AGE
Ladbrokes-Coral, the newly merged bookmaker worth an estimated £2.4bn, is said to be weighing up a potential purchase of Tabcorp, Australia’s largest betting firm. According to various news sources, the British bookie has appointed a number of special advisers to work on a potential merger with the Australian firm. A deal with Tabcorp would see the group becoming one of...

Tatts and Tabcorp in last-ditch attempt to win back Aussie market

Betting Business Tatts and Tabcorp
As competition hots up in Australia’s online gambling markets, the two biggest firms - Tatts Group and Tabcorp - on the island have announced a £7bn merger to protect their market share.   The two biggest players in Australian gaming are looking to join forces, in an attempt to fend off foreign rivals making gains in their home market. Previously state-owned enterprises,...

Tabcorp announces UFC Australia wagering partnership

Betting Business Tabcorp UFC
Tabcorp partner with UFC Australia ahead of ‘Fight Night Melbourne’ in November   Australian gambling operator Tabcorp has confirmed that its online betting subsidiary has signed a multi-year partnership with the UFC, becoming its official Australian wagering partner. Tabcorp marketing secures the partnership ahead of the UFC returning to Australia on 27 November for ‘Fight Night Melbourne’ Luke Rockhold vs Jacare...

Analysts predict Tabcorp-Tatts merger revival

Betting Business, Tabcorp Tatts merger
The wagering giants could be reviving its previously stalled merger talks with Tatts Group.   Australian operator Tabcorp could soon be seeking to revive its stalled merger deal with rival Tatts Group after the two companies announced acquisition deals.   The gambling operators had been discussing details of a merger in November, creating a deal worth $9.4bn (E8.4bn), but those same discussions fell...

Tabcorp underplays regulatory issues at Sun Bets soft launch

Sun Tabcorp
Australian bookmaker Tabcorp has completed the soft launch of its new ‘Sun Bets’ product in collaboration with the Murdoch-owned Sun newspaper.   Tabcorp has set out plans to become a “Tier One” operator in the UK at the launch of its ‘Sun Bets’ service in collaboration with The Sun newspaper. Speaking at a press briefing held at News UK’s offices in London,...

Tabcorp bids for New Zealand Racing Board TAB deal

Tabcorp John Allen
Tabcorp is one of three companies vying for a wagering deal with New Zealand’s TAB, as the Australian firm jockeys for a position that would enable it to expand into overseas markets and diversify its earnings. The New Zealand Racing Board (NZRB) is seeking a partnership in support of a move towards automation of its fixed-odds betting operation, in a...

Tabcorp remains focussed on retail ahead of Sun Bets launch

Tabcorp has posted third-quarter revenues of AUS$1.4bn – an increase of one percent year-on-year – as the Australian bookmaking goliath continues its preparation for the launch of ‘Sun Bets’ in partnership with media mogul Rupert Murdoch.   Tabcorp, one of the world’s largest publically listed gaming companies, scored a landmark victory against its rivals last month when the Australian government declared...