The Supreme Court of New South Wales has approved Tabcorp’s proposed demerger of its lottery and keno division, paving the way for it to commence trading as a separately listed company in Sydney next week.
The demerger of The Lottery Corporation was overwhelmingly approved by Tabcorp shareholders at a General Meeting and Scheme Meeting held on 12 May, with the Supreme Court approving the deal Thursday.
Tabcorp intends to lodge a copy of the approval by the [...]