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Ladbrokes owner Entain takes punt on Tabcorp

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UK-listed Entain PLC, which owns bookmaker Ladbrokes, Sportingbet and a host of other gambling brands, is in hot pursuit of Tabcorp’s wagering business.

It is understood Entain is keen to acquire Tabcorp’s unit and become the biggest horse and sports betting company owner in Australia. It is one of the parties that has caused Tabcorp to call in its bankers and consider options for the unit.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com

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Original URL: https://www.afr.com/link/follow-20180101-p56yti