{"id":14097,"date":"2021-02-02T15:00:27","date_gmt":"2021-02-02T15:00:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14097"},"modified":"2026-04-23T22:10:42","modified_gmt":"2026-04-24T01:10:42","slug":"tabcorp-receives-multiple-acquisition-offers","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tabcorp-receives-multiple-acquisition-offers","title":{"rendered":"Tabcorp receives multiple acquisition offers"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-sees-revenue-drop-5-7-for-q1\" target=\"_blank\">Tabcorp<\/a><\/em><\/strong> has received multiple offers for its wagering and media business, including from the British gaming giant Entain. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- <strong>Australia&#8217;s largest gambling company Tabcorp<\/strong> has revealed that it has&nbsp;received &#8220;<strong>a number of unsolicited approaches<\/strong> and proposals\u201d to acquire its wagering and media business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interest has come from several operators, including the British gaming giant <strong>Entain, formerly GVC Holdings<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Entain has made a <strong>non-binding indicative offer<\/strong> for the business as it looks to expand in regulated markets. It recently made a bid to acquire <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/entain-offers-us341-6m-for-enlabs\" target=\"_blank\">Enlabs<\/a><\/em><\/strong> in Europe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The owner of the Bwin and Coral brands already has a small presence in Australia\u2019s horse and sports betting market via <strong>Ladbrokes and Neds International<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last month, Entain rejected\u00a0a US$11bn takeover approach from US casino operator\u00a0MGM Resorts International.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>See also:<\/strong> <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/entain-confirms-nygaard-andersen-as-new-ceo\" target=\"_blank\"><strong>Entain confirms Nygaard-Andersen as new CEO<\/strong><\/a>.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tabcorp played down any certainty that a deal will be reached. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It said: \u201cThe proposals were expressed to be confidential, non-binding and subject to numerous conditions including due diligence, financing and various regulatory approvals.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere is no certainty that any transaction will occur.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tabcorp has received multiple offers for its wagering and media business, including from the British gaming giant Entain.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tabcorp has disclosed receiving multiple unsolicited, non-binding offers for its wagering and media business, notably from Entain. This potential divestment by Tabcorp and strategic acquisition interest from Entain highlights ongoing M&A consolidation within regulated iGaming markets. Any transaction would be subject to extensive due diligence, financing, and regulatory approvals.","focusai_entities":"Tabcorp, Entain, GVC Holdings, Bwin, Coral, Ladbrokes, Neds International, Enlabs, MGM Resorts International, Nygaard-Andersen","focusai_location":"Australia, UK, Europe, US","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.7), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Tabcorp Divestment Rationale","query":"What strategic imperatives are driving Tabcorp's consideration of divesting its wagering and media business, and how does this align with its broader capital allocation strategy?"},{"label":"Entain's M&A Strategy","query":"How does Entain's non-binding offer for Tabcorp's wagering and media assets fit into its stated strategy for expansion in regulated markets, particularly following its recent bid for Enlabs and rejection of MGM's offer?"}],"footnotes":""},"categories":[160,16336,163,158],"tags":[23945,229],"class_list":["post-14097","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-australasia-news","category-finance-news","category-slider-home","tag-fa","tag-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14097"}],"version-history":[{"count":10,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14097\/revisions"}],"predecessor-version":[{"id":14128,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14097\/revisions\/14128"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}