Login/Register
Ev
Ev
BetConstruct
Pronet Gaming

Tabcorp sells Jumbo Interactive stake for AUD$98m

24th September 2020 7:50 am GMT
Tabcorp
Playtech

Sydney-listed betting and gaming operator Tabcorp Holdings has sold its 11.6 per cent stake in online lottery provider Jumbo Interactive for a profit of AUD$69m.

Pursuant to an underwritten block trade agreement with UBS, Tabcorp has sold 7,234,178 shares in Jumbo at a price of $13.52 per share, equivalent to gross proceeds of $98m.

The proceeds will be used to pay down existing drawn bank debt facilities, with Tabcorp recording a net profit on the sale of [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos
BTObet
Genius Sport
Relax Gaming
Greentube
Pragmatic Solutions
Sportradar
Digitain
G2E
Evolution
BigTimeGaming