Keyword Analysis & Research: tabcorp keno

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How much is Tabcorp Keno and lottery worth?

Tabcorp’s keno and lottery units, which the Australian gaming company recently said will be spun off, could be worth between $6.97 billion and $9.19 billion, according to J.P. Morgan analysts. Gamblers at a Tabcorp betting window in Australia. The company could fetch a surprising multiple in its keno and lottery spinoff.

Why did Tabcorp spin off its lotteries business?

Australia's Tabcorp Holdings Ltd said on Monday it would spin off its Lotteries & Keno business into a listed entity, drawing an end to a company-wide review it undertook earlier this year as interest built for a separate unit.

Is the Tabcorp Group listed on the ASX?

Tabcorp is listed on the Australian Securities Exchange (ASX). In 2017 Tatts Group combined with Tabcorp Holdings Limited to create a diversified entertainment group under the Tabcorp brand.

When did Tabcorp merge with Jupiters Limited?

Tabcorp merged with Jupiters Limited in 2003 under the CEO Matthew Slatter and a year later completed a takeover for Tab Limited, the NSW-based wagering and media company, including Sky Channel . In 2011 Tabcorp demerged its casino operations resulting in Tabcorp's casinos business being separately listed as Echo Entertainment Group.

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