Sydney-listed gaming giant Tabcorp Holdings has proposed a demerger of its Lotteries & Keno business after completing a comprehensive strategic review of its ownership options.
The demerger will create two standalone, market leading Sydney-listed companies with distinct operating profiles, strategies and growth opportunities.
Tabcorp said that the demerger will also provide shareholders with the ability to value each business on a standalone basis, with a potential market re-rating of each business; and potential upside from any future [...]
