Tag Archives: tabcorp

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. Europe: Remote markets – Lies, damned lies and growth statistics. Italy’s online gambling market finished 2017 in style, with c. 34% overall regulated market growth (excluding lottery and …

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 …

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 …

The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …

Australia ASX listed gambling group Tabcorp Holdings has confirmed that it has completed its full divestment of Odyssey Gaming Services (Odyssey). Updating investors, Tabcorp confirms that it has fully sold its gaming machine and venue solutions supplier to Australian National Hotels Pty Limited, a transaction initially agreed in April 2017. The divestment of Odyssey is in accordance with merger demands …

The Australian Competition and Consumer Commission (ACCC) has detailed that it will not challenge the Australian Competition Tribunal’s (ACT) decision to approve the AUS $11 billion merger of Tabcorp Holdings and Tatts Group. Issuing a short market update, ACCC still believes that the Tabcorp-Tatts combination will impact industry competition within Australia’s gaming and betting markets. Nevertheless, ACCC governance will not challenge …

Updating the market, Australia ASX-listed gambling group Tabcorp Holdings has confirmed that it has fully settled its Tatts Group merger dispute with competitor Crownbet Limited. “CrownBet has agreed not to apply for judicial review of the Tribunal’s decision on 22 November 2017 to grant authorisation for the Transaction. CrownBet has also agreed not to take any action which would impede …

Yggdrasil Gaming has paid out another significant jackpot, with one lucky punter scooping almost €1.12m on its progressive jackpot slot Empire Fortune. The prize pool was won by a 32-year old from Norway, who was gaming on Betsson’s mobile site on Saturday evening. Andy Broughton-Braithwaite, Director of Games at Betsson, said: “Yggdrasil’s games are perfectly tailored towards our players who …

Yggdrasil Gaming has agreed a deal with Tabcorp for its slots to be featured on the Sun Vegas platform. Under the terms of the deal the supplier of online and mobile casino games will see its full portfolio of slots integrated, including the recently released Jungle Books and Valley of the Gods. Adam Ruffett, Director of Casino at Tabcorp UK, …

Online gambling operator Unibet, part of the Malta-based Kindred Group, intends to use aggressive marketing techniques to increase its share in the Australian gambling market, according to The Australian Financial Review.   Despite entering the market back in 2012 after purchasing local firm Betchoice, Unibet is still relatively small in the Australian market, particularly in comparison to the likes of …