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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

Published Tue, Oct 18, 2016 · 09:50 PM
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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.

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