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Tabcorp expects Sun Bets exit to cost up to AUD$101m

20th July 2018 9:18 am GMT

Australian gaming operator Tabcorp has confirmed that it is pulling the plug on its Sun Bets online gaming venture in the United Kingdom against a £39.5m exit payment to News UK.

The Sun Bets gaming brand was launched in 2016 but failed to perform as expected, with the business placed under review by Tabcorp in late 2017.

Tabcorp announced in June that it was in discussions with News UK regarding an exit from the Sun Bets partnership [...]

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