Tag Archives: Luxbet.com

Tabcorp and Tatts announce merger integration

Tabcorp Holdings and Tatts Group have announced that the combination of the two firms has been completed. A statement from the firm read: “Tabcorp Holdings Limited (Tabcorp) advises that the Scheme of Arrangement (Scheme) in relation to the combination of Tabcorp and Tatts Group Limited (Tatts) has been implemented today. Tatts is now a wholly-owned subsidiary of Tabcorp.” Adding: “Tabcorp …

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Tabcorp shuts down loss making Luxbet

Tabcorp Holdings has decided to shut down online property Luxbet (luxbet.com), as the company focuses on completing its approved AUS $11 billion merger with Tatts Group. The underperforming online betting division had been under strategic review throughout 2017. In its latest trading update, Tabcorp governance disclosed that Luxbet had made pre-tax losses of approximately AUS $13 million (£7.5 million) for …

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