Id have the Wagering and Media a bit higher. $4bil-4.5bil. Lottery seems about right. As long as they can hold onto the media rights across all race tracks and continue to be the retail bookmaker in Australia. There are a few licenses up for renewal in the next 2-3 years. But Tabcorp would be the preferred partner by all race clubs and local governement. So i think they will hold onto them.
Get ready for lift off, page-5
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