Ladbrokes owner Entain today announced that it has made an offer for the betting and media business of betting firm Tabcorp Holdings.
The non-binding indicative offer signals Entain’s desire to expand its services in Australia and to become the largest owner of the betting company in the country.
Entain already has a small presence in the Australian betting market through Ladbrokes and Neds International.
The British company, which also owns Bwin and Coral, has recently started a takeover approach Rejected by MGM Resorts.
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Ref: https://www.cityam.com
