{"id":17267,"date":"2021-04-27T15:56:37","date_gmt":"2021-04-27T15:56:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17267"},"modified":"2026-04-23T20:01:35","modified_gmt":"2026-04-23T23:01:35","slug":"entain-ups-its-offer-for-tabcorp-to-us2-7bn","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/entain-ups-its-offer-for-tabcorp-to-us2-7bn","title":{"rendered":"Entain ups its offer for Tabcorp to US$2.7bn"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The British gaming giant Entain has upped its original offer for Tabcorp from AU$3bn to AU$3.5bn.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-receives-multiple-acquisition-offers\">Entain<\/a>&nbsp;has improved its original proposal to acquire Tabcorp&#8217;s wagering and media business<strong>&nbsp;to AU$3.5bn (US$2.7bn)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Entain said: \u201c[Entain] believes that t<strong>he revised proposal is compelling<\/strong>&nbsp;both in terms of the value it represents for Tabcorp shareholders in cash, and certainty of deliverability.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tabcorp Board has yet to respond to the new offer. <\/strong>It said the company wants to assess and evaluate all structural and ownership options &#8220;to&nbsp;<strong>maximise the value of Tabcorp\u2019s businesses<\/strong>&nbsp;for the benefit of shareholders.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tabcorp reported&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-sees-revenue-drop-1-5-for-h1\" rel=\"noreferrer noopener\">AU$2.8bn (US$2.2bn) in revenue<\/a>&nbsp;during the first half of the&nbsp;<strong>2020\/2021 financial year<\/strong>, down 1.5 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If Entain finally acquires Tabcorp, it would become t<strong>he largest player in Australia\u2019s horse racing and sports betting market&nbsp;<\/strong>as Tabcorp holds almost 43 per cent share of the market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The British company has recently completed the acquisition of the global sports betting and gaming group,&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/entain-ups-offer-for-enlabs\">Enlabs AB<\/a>. In October 2020,&nbsp;<strong>it also acquired the Portuguese operator Bet.pt<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British gaming giant Entain has upped its original offer for Tabcorp from AU$3bn to AU$3.5bn.<\/p>\n","protected":false},"author":176,"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":"Entain has increased its acquisition offer for Tabcorp's wagering and media business to AU$3.5bn, aiming to become the dominant player in Australia's horse racing and sports betting market. Tabcorp's board is currently evaluating this revised proposal alongside other strategic options to optimize shareholder value. This move follows Entain's recent M&A activities in other regulated markets.","focusai_entities":"Entain, Tabcorp, Enlabs AB, Bet.pt","focusai_location":"Australia, Portugal, UK","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.8), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.8), marketing_crm (0.8), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Tabcorp's Valuation Strategy","query":"What specific valuation methodologies and strategic alternatives is Tabcorp's board employing to maximize shareholder value beyond Entain's revised AU$3.5bn offer?"},{"label":"Regulatory Approval Outlook","query":"What are the key regulatory hurdles and potential anti-trust considerations Entain faces in securing approval for a dominant market share in the Australian wagering sector?"}],"footnotes":""},"categories":[16336,157,158],"tags":[23945,3573,13716],"class_list":["post-17267","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","category-slider-home","tag-fa","tag-lottery","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17267","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17267"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17267\/revisions"}],"predecessor-version":[{"id":17307,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17267\/revisions\/17307"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}