Australia’s Tatts Group has seen its net profits fall sharply as a result of costs and impairment charges related to its acquisition by Tabcorp Holdings.
Despite not being able to deliver on its 2017/18 corporate expectations, Tabcorp Holdings remains upbeat having completed a transitional year for its business.
Some of the key figures from the gambling world over the past seven days.
Breaking down all the weeks news into a set of easy to manage figures
The proposed merger between Tabcorp Holdings and Tatts Group has taken a huge stride forward, after two major announcements emanated from ‘down under.’
In a release to the Stock Exchange, Tabcorp has praised the Australian Competition Tribunal’s decision to give the greenlight to the long mooted merger with Tatts Group.
Lottoland, the online betting agency, has called for a change in Australian tax infrastructure that would allow it to give back to the state of Western Australia (WA), instead of banning the company altogether.
The A$11 billion merger of Tabcorp and Tatts Group has been placed into doubt, following the news that the ACCC has filed a federal court order demanding a new judicial review of the deal.
A breakdown of some of the more interesting figures to emerge from the gambling industry in the past seven days.