Entain stated that “any transaction would be in-line with Entain’s current M&A strategy of expanding across regulated international markets.”
In above context, Entain has expressed its intention to acquire Tabcorp Holdings Limited’s wagering and media business.
Tabcorp is an Australian firm whose wagering & media division makes up close to 40% of Tabcorp’s overall revenue. It also holds 43% market share in Australia’s horse racing and sports betting market.
However, both the operators maintained that the talks are in process and no final outcome as been reached yet.