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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West Australia Treasurer eyes TAB sale
Following the forecast of an impending AUS $2.7 billion (£1.4 billion) state deficit, West Australia governors are eyeing the potential sale of state assets, with a view to raise AUS $5 billion (£2.65 billion) in funds. Presenting his upcoming budget, Treasurer Dr Mike Nahan has outlined the potential sale of state gambling enterprise TAB to the private sector for an …
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