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Tabcorp to raise $430m as demerger plans confirmed

18th October 2010 8:27 am GMT

Recognising the different growth, investment and management characteristics of its businesses, Australian betting and gaming giant Tabcorp Holdings Limited has announced that it will pursue a demerger of its casinos business from its wagering, gaming and keno division.

The demerger will create two leading listed entities on the Australian Securities Exchange (ASX), which are able to pursue their individual investment programmes and growth opportunities.

“Over the past decade, Tabcorp has built three strong operating divisions which are [...]

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