Tabcorp spin-off Lottery Corp surges on debut
Elouise FowlerReporter
Tabcorp spin-off Lottery Corp instantly became a $10 billion company on its market debut on Tuesday as investors flocked to the highly profitable lotteries and Keno business – which could soon become a takeover target.
Sue van der Merwe, chief executive and managing director, touted the growth prospects of the dometic business, which has historically done well during economic downturns, and floated the possibility of expanding into international markets.
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