WA TAB

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    Tatts Group and Tabcorp merger to remain on ice

    Australia’s Tatts Group has told investors its $9 billion merger with rival Tabcorp will remain “on ice” due to concerns related to the bidding of Western Australia’s TAB network, local media reports. Robbie Cooke, chief executive of Tatts Group said uncertainty over the response from the Australian Competition and Consumer Commission to a merged bid […]

    Cambodia probe could cost Tabcorp upwards of A$120 million; CLSA

    The Cambodian bribery allegations could cost Tabcorp up to $120 million (US$90.4 million) in costs and penalties, according to Sydney Morning Herald quoting a CLSA report.   The brokerage firm says while in Australia, very few cases of this type make it to trial, while in the US there is a higher chance of a […]

    CrownBet CEO says wagering business is already profitable

    CrownBet chief executive Matthew Tripp says CrownBet is already performing better than expectations, less than two years after its introduction to the wagering market, according to an interview with the Australian Financial Review CrownBet was established from the remnants of the BetEzy brand in late 2014. Tripp says the business has about 150,000 active customers, […]

    Holt says no to TAB sale unless funds are directed to racing industry

    Gaming Minister Colin Holt has told Treasurer Mike Nahan he will not support the sale of WA TAB if the money goes towards paying down the mounting state debt, local media reports. Instead, Holt has reportedly demanded the money to be directed towards the state’s racing industry. “The State Government will not proceed with a […]

    Western Australia to put betting agency up for sale within weeks

    Western Australia’s betting agency will be officially put up for sale within weeks, according to WA’s Racing and Gaming Minister, Colin Holt in an interview with the Australian Financial Review. The potential $1 billion deal (US$710.6 million) for Australia’s last owned betting agency has seen Australia’s Tabcorp and Tatts Group fighting for the rights to […]

    West Australian government urged to sell WA TAB

    The WA Chamber of Commerce has urged the Western Australian government to sell the Australia’s last state-owned betting agency, WA TAB, stating the move could reduce its large debt pile, and is unfit to handle the evolved, highly competitive online industry, local media reports. “The government should sell any asset where the private sector can […]

    Government should rethink privatizing WA TAB says Labor MP

    The government of Western Australia should think twice about privatizing the WA TAB, said Labor MP Paul Papalia based on the strength of the organization. Following a presentation by Racing and Wagering WA chief Richard Burt at a racing symposium discussing the TAB’s achievements, Papalia said “the strengths of the TAB were extraordinary,” The West […]
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