Why the Tabcorp takeover of Tatts should get the green light
The results presented by gaming and wagering giant Tabcorp on Thursday underline why the competition regulator should reverse its 10-year-old decision to block a merger with Tatts.
Elizabeth Knight comments on companies, markets and the economy.
The results presented by gaming and wagering giant Tabcorp on Thursday underline why the competition regulator should reverse its 10-year-old decision to block a merger with Tatts.
Tabcorp's bottomline performance was down 28.1 per cent - marred by a series of one-off losses associated with its UK start-up business Sun Bet, litigation with regulator Austrac and costs associated with acquisitions.
Within three years, Australians may witness one of the biggest financial raids in history.
In the next couple of weeks investors will see real evidence of the fact that the Australian corporate earnings drought has broken. After two years of falling profits they are now expected to rise around 6 to 7 per cent.
Don't be surprised if we continue to see changes in the gaming market in 2017 - with the next one looking like a tie up between James Packer's Crown Resorts and ClubsNSW.
2016 was meant to be the year the housing bubble started to seriously deflate.
There will be no relaxed Christmas break for Kerry Stokes and the directors of his Seven West Media.
The saga of Bellamy's demonstrates just how rapidly a company can move from being a sharemarket darling with seemingly limitless growth prospects to a sharemarket pariah with a questionable business model.
Billionaire media mogul Kerry Stokes has a very important decision to make.
You can read James Packer's sell down and impending exit out of the Macau market many ways.
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