You are here

Australia's Tatts, Tabcorp in talks to create A$9.34b gaming giant

Country's two largest non-casino gambling firms are hoping to join forces to fend off popular online rivals

BT_20161019_SYTATTS19_2553783.jpg
Melbourne-based Tabcorp has a market value of A$4.1 billion.

Sydney

AUSTRALIA'S Tatts Group Ltd and Tabcorp Holdings Ltd on Tuesday said they are in talks to create a A$9.34 billion (S$9.9 billion) betting industry giant, hoping to join forces to fend off popular online rivals.

An investment banker involved in the talks, who declined to be