The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Published Tue, Oct 18, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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 named as he was not authorised to speak publicly, said a transaction could be announced within the next two days.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More