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TATTS - TABCORP MERGER
Friday, April 22, 2016 : TATTS - TABCORP MERGER ON THE BACKBURNER FOR NOW (Update)
A$9 billion merger held up by competing bids for Western Australia’s TAB network.
Robbie Cooke, chief executive of the Australian Tabcorp group, has confirmed the accuracy of an advisory sent by Tatts Group to shareholders that a A$9 billion merger with Tabcorp is currently on ice.
The Tatts advisory explained that both companies are bidding in the A$1 billion sale of the Western Australian government's TAB network, the last of its kind in Australia to be privatised.
Cooke revealed that there was a degree of uncertainty regarding the reaction of the Australian Competition and Consumer Commission regarding a merged bid, and this had exerted some influence on events.
However, InfoPowa readers will recall that the mammoth deal was also shelved late last year, reportedly over disagreements regarding valuations.
Tabcorp bought up previous TABs sold off by provincial governments.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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