Ladbrokes owner increases bid to $3.5b for Tabcorp’s wagering business

Ladbrokes owner increases bid to $3.5b for Tabcorp’s wagering business

British wagering giant Entain has failed to deliver a knock-out bid with a revised $3.5 billion offer for Tabcorp’s unloved bookmaking and media business, with the ASX-listed gambling group holding out for higher bids and exploring a demerger.

Tabcorp on Tuesday morning confirmed the revised bid from Entain – owner of its online rivals Ladbrokes and Neds – which is a half-billion dollar increase to the $3 billion offer it lobbed in early February.

Continue reading Ladbrokes owner increases bid to $3.5b for Tabcorp’s wagering business at Sports Betting Operator.