Tag: Tatts Group

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...

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,...

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...

Novomatic acquires Talarius from Tatts Group

Novomatic Talarius Tatts Group
Tatts Group has sold its UK slots division Talarius to Novomatic in a deal worth AUS$210m (€141.2m). In a statement confirming the agreement, Tatts said that proceeds from the deal would be used to help pay off its corporate debt as the company targets year-end profits of AUS$255 - 265m, performing slightly under analyst expectations.   The sale of Talarius follows three...