Tabcorp Secures 20-year Victorian Betting And Wagering License After Lengthy Bidding War
Shares in Tabcorp, a flagship Australian gambling company/provider of betting and gaming products and services based in Melbourne, were on their way for the “best day ever” on December 18, following an event in which the firm officially managed to win an exclusive rights to the newest wagering and betting license in the State of Victoria for the period of the next twenty years.
Indicative license value:
An indicative value of A$864 million, which is approximately 578.53 million US dollars, would be paid by the firm for the license, which it has owned since 1994. In addition, the value of the company’s shares jumped …