Announced
Completed
Financials
Tags
Majority
Single Bidder
Spin Off
Completed
Demerger
Friendly
lotteries
Public
Casinos and Gambling
Australia
Domestic
Synopsis
Tabcorp, Australia's largest gambling company, completed the demerger of The Lottery Corporation, Australia's largest lottery company and one of the highest-performing lottery businesses in the world. Financial terms were not disclosed. Tabcorp first announced plans to spin off its Lotteries and Keno arm in July 2021 following a strategic review of its operations. The review begun four months earlier and considered a number of structural and ownership options for Tabcorp to create greater value for its shareholders, including potentially selling off its wagering and media business.
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