Tabcorp, Racing Vic look at licence extension
Analysts say the Tabcorp Tatts merger should give earnings an 11 per cent boost
Analysts say the Tabcorp Tatts merger should give earnings an 11 per cent boost
Tabcorps earnings per share should be up at least 11 per cent in coming financial years, if it secures rival wagering company Tatts Group.
It is easy to see why mergers in the gaming and wagering sector are so rare.
Tabcorp's $11 billion merger with Tatts Group has been approved with only one minor condition.
There will be a fallout for the ACCC and the three parties who opposed the Tabcorp and Tatts merger.
Finally Tabcorp can see the winning post in the Tatts Merger Cup, thanks to some smart legal strategies.
Wagering giant Tabcorp has the champagne on ice as it moves one step closer to a company-transforming $11 billion deal with rival Tatts Group.
The fate of the biggest merger of the year will be known on Tuesday
The 14 Crown Resorts staff detained in China, including three Australians, will face a Shanghai court on June 26
The wagering landscape will change, whether Tabcorp merges with Tatts Group or not
The Australian Competition Tribunal has extended its deadline to rule on Tabcorp's $6.4 billion deal to buy rival Tatts.
The market is down, but Len Ainsworth's poker machines stocks are up.
Media companies such as Racing.com and corporate bookmakers would be able to show more racing vision under the ACCC's
Changes to broadcast practices and keeping joint venture funding arrangements could see the Tabcorp-Tatts deal approved
Burned by business and love, and on the cusp of his 50th birthday, James Packer has retreated home.
The ACCC has called Tabcorp's cost synergies claims "speculative".
Closing submissions to the Australian Competition Tribunal on mooted $11 billion deal are due on Friday.
The Macau casino billionaire says James Packer's company employees attracted authorities' attention with some of their tactics and behaviour.
Racing.com, which has won the rights to South Australian racing , is objecting to the Tabcorp and Tatts Group merger.
Online bookmaker CrownBet will go to the Supreme Court to expedite the roll out a "digital wagering advertising offer" to licensed clubs in NSW.
Gaming machine maker Aristocrat has continued its run of strong profit growth.
James Packer could receive almost $1.1 billion in dividends over three years as the casino operator looks to share the spoils of its exit from Macau.
Yet again they are running scared of Peter V'Landys down in Victoria.
Objectors to the Tabcorp and Tatts Group merger argue prices will rise for punters should it be approved.
The lawyers for racing bodies and wagerers are entering their second lucrative week at the Competition Tribunal.
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