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Tabcorp decides to shutter Luxbet business

18th December 2017 10:26 am GMT
Tabcorp

Sydney-listed betting and gaming operator Tabcorp Holdings is shutting down its online sports betting site Luxbet following a strategic review of the loss-making business.

The operator, which is in the process of finalising its merger with Tatts Group, said that Luxbet is "no longer aligned with the long-term strategic interests of Tabcorp and as a result … will be closed."

The division's future has been uncertain since June this year, when Tabcorp announced that it was launching a [...]

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