Tag Archives: Brisbane

Australia favourites as Ashes fever descends on Brisbane

Copyright: gustavofrazao / 123RF Stock Photo

Australia and England have a rivalry steeped in history, one that particularly comes to the fore whenever the two nations are pitted against each other in a sporting arena. That is epitomised by the Ashes, with the tiny urn the ultimate prize for whichever side can hold their nerve in the various cauldrons of noise over the course of the …

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Playtech eyes soft games boost with Eyecon £50 million acquisition

FTSE-listed Playtech Plc continues its industry M&A strategy confirming the acquisition of specialist ‘soft games’ developer Eyecon for a maximum consideration of £50 million. Playtech will pay an upfront cash fee of £25 million for its acquisition of Brisbane-based Eyecon assets. The technology firm has added a further £25 million in performance-based targets once the initial acquisition is complete. Detailing …

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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 In November 2016, Tabcorp and Tatts governance entered initial discussions but quickly repealed discussions after failing to agree on any potential merger terms.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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Strewth! Tatts & Tabcorp $9 billion merger talks collapse

Australia’s biggest gambling operators Tatts Group and Tabcorp have failed to agree terms on a merger which would create a + $9 billion enterprise. This weekend national news sources reported that a conformation of the merger talks between the two parties was imminent, but almost immediately the deal was dead in the water. The planned merger would have seen the …

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Echo bid beats Packer’s Crown Resort for Brisbane casino project

Queensland State has awarded its Brisbane casino resort project to leisure and gambling operator Echo Entertainment Group Ltd. Following a tender process, the Queensland government awarded the Echo bid over the casino proposal submitted by James Packer’s Crown Resorts. Echo will build a AUS $2 billion (£1 billion) casino on Brisbane’s river front, the investment will be by a consortium …

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