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Ladbrokes-Coral Wants to Take Over Tabcorp

28 Nov 2016

tabcorpladcor

Ladbrokes-Coral is eager to extend their business the soonest the possible, only a few months after the merger between the two companies. To do so, the acquisition of the Australian operator Tabcorp Holdings seems to be a big possibility and according to the rumors, the English bookmaker is about to make a bid. If this will become a reality, then it will result to a standstill at the merger of Tabcorp Holdings with the Australian rival markets Tatts Group.

Tabcorp Wanted for Australian Regulations

Ladbrokes tried again to acquire the Australian company back in 2013, but the bid was rejected by their CEO, David Attenborough. Rumors say that the British side plans to acquire the Australian company due to the new proposed gambling legislation which is about to cause problems to every offshore gambling operator. By this way, Ladbrokes will have their future on the referred market secured. The British bookie expressed again their interest on acquiring Tabcorp Holding in 2015 and a few months as well, but nothing happened. The English giant is not the only who expressed an interest, since the same was done by William Hill, Paddy Power and Bet365.

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