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Tabcorp Holdings (TAH) will demerge its lotteries and keno...

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    • Tabcorp Holdings (TAH) will demerge its lotteries and keno business from its wagering, media and gaming services business
    • Following a strategic review, Tabcorp has decided to pursue a demerger and create two standalone, ASX-listed companies
    • The company is aiming to complete the demerger by June 2022, and expects the process to incur a one-off cost of around $225 million to $275 million
    • Tabcorp will continue to engage with Betmakers (BET) — which has bid for its wagering and media business — in relation to international opportunities
    • Shares closed at $1.05 on Friday, July 2, 2021

 
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