Entain Plc make bid for Tabcorp Holdings Ltd

Entain Plc make bid for Tabcorp Holdings Ltd

Entain Plc made a non-binding offer for the wagering and media division of Australia’s largest gambling company, Tabcorp Holdings Ltd.

Discussions about a combination with Entain’s existing Australian business are at an early stage, the London-listed owner of the Ladbrokes betting chain said in a filing Tuesday. The offer could face competition as Tabcorp said the business has received “a number of unsolicited approaches and proposals” in recent weeks.

Any deal would give Entain extra scale in the region.

Continue reading Entain Plc make bid for Tabcorp Holdings Ltd at Sports Betting Operator.