The expected Tabcorp-Tatts merger (first announced October 2016) faces a major challenge as a private consortium led by London private equity firm Macquarie Group and New York fund KKR has today launched an AUS $7.3 billion (£4.4 billion) bid for Tatts Group assets. Under the proposition of ‘Pacific Consortium’ the group of investors has made an approach of between AUS …
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The City of London has registered speculation that newly merged Ladbrokes Coral Plc is a potential takeover target of FTSE rival GVC Holdings. Last Friday the Financial Times reported that Ladbrokes Coral shares had gained circa 5% value on the speculation that GVC governance were considering an ambitious reverse takeover of the betting giant valued at a reported £3.2 billion …
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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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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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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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New UK online betting operator Sun Bets, has revealed to SBC that it is on the hunt for top industry talent to join its ranks as the company targets exceptional growth in 2017. The Tabcorp and News UK betting joint venture, which launched last August aims to take on industry legacy betting operators by creating a unique and distinctive brand …
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Tabcorp horse racing media rights subsidiary Sky World Racing (Louisville – Kentucky) has announced the launch of its new website – skyworldracing.com. The new website will act as a racing content hub seeking to become the leading news source year-round racing from the Australian, New Zealand and South African markets. Sky World governance detailed that a new website was needed …
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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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Sun Bets, the sports betting website powered by Australian gambling giant Tabcorp, has been confirmed as the new sponsor of the Mile division in the 2016-17 All-Weather Championships. Sun Bets joins fellow Authorised Betting Partners, 32Red and Betway, as category sponsors in the competition. The 2016-17 All-Weather Championships will run from Thursday 27th October through to Finals Day at Lingfield …
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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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