Entain Come Knock on our Door, page-17

I can remember when the SATAB was sold for $20M when it was making that in profit annually. It could be true that in your second paragraph they had to take the cost of conversion into account. I cannot see that any purchaser of TAB would start again from scratch, although I can see that if $BET were to win the back end, they would simply align their databases (big job), and then implement a new and slick front end (the bit we see), and not such a big job. That was my point in asking whether TAB was simply sounding out the value. BET would handle the databases, and TAB the front end. That way the transition could be handled seamlessly, and allow TAB to continue trading as they are now until relaunch.

There is no doubt that fixed odds is the way to go, and as you say, BET has that in the pocket. IF, BET were to win the back end, it does bring the globe into play, and would allow TAB to expand as they wish. It's a no brainer that BET will win no matter what happens.