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Tabcorp proposes demerger of Lotteries & Keno business

5th July 2021 9:51 am GMT
Tabcorp

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 [...]

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