Sentences with phrase «tatts merges»
Chief executive Robbie Cooke, overseeing what could be his last annual results if Tatts merges with Tabcorp, told The Australian Financial Review he was keeping a «close watch» on the Australian Sports Commission's push for a lottery to fund Olympic sports.
http://www.afr.com/ Not exact matches
The companies failed in a previous attempt to merge in 2015, and since then Tabcorp's shares have gained 11.4 % while Tatts has fallen by the same amount.
The writing is on the wall for the corporate bookmakers, who have to scale up to compete with the soon to be merged Tabcorp and Tatts.
A consortium led by Macquarie Bank could potentially scuttle Tabcorp's $ 11.3 billion plan to merge with Tatts.
Mr Boon said he was confident there would be a strong Queensland presence in the new merged company, saying Tatts was buoyed by Tabcorp chairman Paula Dwyer's comments this week that there would be significant jobs in Queensland.
But after receiving a briefing on the company's strong results at the company's annual general meeting in Brisbane, some shareholders at the Tatts questioned whether the Queensland - based company needed to merge with Tabcorp.