Tag Archives: australia

Analysts cool on Ladbrokes Coral interest in Tabcorp

SBC News Analysts cool on Ladbrokes Coral interest in Tabcorp

Australian ASX analysts appear to be cool on the prospects of newly formed Ladbrokes Coral Plc acquiring Tabcorp Holdings for a reported + £2 billion offer. UK business news sources reported this weekend that Ladbrokes Coral governance had asked advisers to study a potential approach for ASX-100 Tabcorp. However, Australian business analysts have questioned the logic of Ladbrokes Coral’s approach …

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Go South! Ladbrokes Coral studies £2 billion bid for Tabcorp Australia

SBC News Go South! Ladbrokes Coral studies £2 billion bid for Tabcorp Australia

Less than a month after officially completing its £2.4 billion merger (announced 1 November), the governance of Ladbrokes Coral Plc is reported to be studying a potential £2 billion takeover of Australian gambling operator Tabcorp Holdings. Eager to expand its global footprint, Ladbrokes Coral are reported to have appointed advisers consulting the FTSE operator on its approach for the Australian …

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Tabcorp reports flat revenues on last Melbourne Cup before merger

SBC News Tabcorp reports flat revenues on last Melbourne Cup before merger

Last week’s Melbourne Cup provided a thrilling finish when Almaddin edged out Heartbreak City at the winning post, but the amount of wagering on the day was not as exciting. According to Australian bookmaker Tabcorp, there was $141.5 million (£87.7m) wagered on the 10-race Melbourne Cup meeting at Flemington across the Tabcorp-owned NSW, Victorian and ACT TABs, which was in …

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Digital Fuel creates new entity for sports, racing and betting

SBC News Digital Fuel creates new entity for sports, racing and betting

Digital Fuel Marketing has established Digital Fuel Innovations (DFI), a new entity that will focus on content, technology, development, and products for the sports, racing and betting sector. As part of the launch, DFI will manage the relationships between Chroma Sports and wagering operators. Based in Sydney, and with offices in Melbourne, Hong Kong, London and Brighton, DFI will aim …

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Tabcorp governance faces investor pressure with regards to executive pay & merger voting process

SBC News Tabcorp governance faces investor pressure with regards to executive pay & merger voting process

Australian business news sources have reported that a number of Tabcorp investors have expressed disappointment with regards to executive compensation at the firm’s ‘annual general meeting’ (AGM). Although the majority of Tabcorp investors’ voted in favour of increasing CEO David Attenborough’s pay package, it has been reported that 22% of votes cast were against the motion, falling just short of …

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William Hill expands retail gaming inventory with Lightning Box Games

SBC News William Hill expands retail gaming inventory with Lightning Box Games

William Hill’s retail division will offer leading games titles from Australian slot design specialist Lightning Box Games (Lightning Box) following a content agreement of between the two firms. The partnership will see William Hill initially roll-out Lightning Box titles ‘Silver Lion Deluxe’ and ‘Panda Power Deluxe’ across its 2300 UK estates. Securing its biggest UK content deal to date Lightning …

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Equotion moves into new offices at Bowcliffe Hall in Yorkshire

SBC News Equotion moves into new offices at Bowcliffe Hall in Yorkshire

Equotion, the sports analytics start-up, has moved from Ilkley into new offices at Bowcliffe Hall in Yorkshire, the former home of an aviation pioneer. It is the latest development for the company, which has attracted significant investment from Gordon Black, former Chairman of Peter Black Limited, and Graham Martin, a third generation bookmaker and the founder of Bonne Terre, the …

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AUS $9 billion merger back on Tatts & Tabcorp agendas

SBC News AUS $9 billion merger back on Tatts & Tabcorp agendas

Australian business news sources are reporting that market leading gambling operators’ Tabcorp Plc and Tatts Group have entered advanced talks to create an AUS $9 billion enterprise. The operators have previously engaged in merger discussions. In November 2016, Tabcorp and Tatts governance entered initial discussions but quickly repealed discussions after failing to agree on any potential merger terms. Today both …

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Australian Greyhound racing gets ‘one last chance’

SBC News Australian Greyhound racing gets ‘one last chance’

The government of New South Wales (NSW) has reversed its decision to ban greyhound racing, stating that the sport had ‘one last chance’ to prove itself against animal cruelty. The Australian greyhound racing industry has come under fire following a string of investigations which found overwhelming evidence of animal cruelty including mass killings and the use of live baits in …

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Racing.com competition forces Tabcorp to up its Australian racing broadcast bid

SBC News Racing.com competition forces Tabcorp to up its Australian racing broadcast bid

Facing competition from Racing Victoria and Seven West Media joint-venture Racing.com, Australian gambling operator Tabcorp has been forced to significantly up its bid in order to maintain its racing broadcast rights in Australia and New Zealand. The Australian Financial Review (AFR) has reported that Tabcorp governance are prepared to pay AUD $26 million (£16 million) to secure racing content rights …

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