{"id":19900,"date":"2021-07-06T12:42:28","date_gmt":"2021-07-06T12:42:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19900"},"modified":"2026-04-23T17:54:33","modified_gmt":"2026-04-23T20:54:33","slug":"entain-disappointed-with-tabcorp-demerger-decision","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/entain-disappointed-with-tabcorp-demerger-decision","title":{"rendered":"Entain disappointed with Tabcorp demerger decision"},"content":{"rendered":"\n

Entain has expressed its disappointment with Tabcorp’s decision to separate in two, saying its offer would have delivered better outcomes for shareholders.<\/p>\n\n\n\n\n\n\n\n

Australia.- Entain has expressed its disappointment after\u00a0Tabcorp<\/a>\u00a0announced it would spin-off its businesses into two separate companies.<\/p>\n\n\n\n

UK-based Entain said in a statement: “Entain is disappointed by the decision of the Tabcorp Board, as\u00a0we believe our all-cash offer would have delivered superior outcomes for shareholders<\/strong>, customers, employees and the wider industry.\u00a0<\/p>\n\n\n\n

“Price discipline is essential in building on the significant shareholder value that our global growth strategy will deliver for all our stakeholders <\/strong>and we have a healthy pipeline of opportunities.”<\/p>\n\n\n\n

In April,\u00a0Entain<\/a>\u00a0improved its original proposal to acquire Tabcorp\u2019s wagering and media business\u00a0to AU$3.5bn (US$2.7bn)<\/strong>.<\/p>\n\n\n\n

At the time, Entain said it believed that the\u00a0revised proposal was compelling<\/strong>\u00a0both in terms of the value it represented for Tabcorp shareholders in cash, and certainty of deliverability.<\/p>\n\n\n\n

Tabcorp has announced it will create two companies:\u00a0Lotteries & KenoCo<\/strong>, which will cover lotteries and Keno, and\u00a0Wagering & GamingCo<\/strong>, which will cover wagering, media and gaming Services.<\/p>\n\n\n\n

Steven Gregg,<\/strong> Tabcorp chairman, said: \u201cThe two businesses are expected to be leaders in their respective markets, creating great experiences for millions of customers. <\/p>\n\n\n\n

\u201cThey will both build on their heritage of sharing the benefits of their commercial success with governments, the racing industry, licensed venues, newsagents and other retail and business partners.\u201d<\/p>\n\n\n\n

Tabcorp said the demerger will provide shareholders with the ability to value each business on a standalone basis<\/strong>, with a potential market re-rating of each.<\/p>\n","protected":false},"excerpt":{"rendered":"

Entain has expressed its disappointment with Tabcorp’s decision to separate in two, saying its offer would have delivered better outcomes for shareholders.<\/p>\n","protected":false},"author":176,"featured_media":17276,"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 expressed disappointment over Tabcorp's decision to proceed with a demerger, asserting its AU$3.5bn all-cash offer for Tabcorp's wagering and media business would have yielded superior shareholder outcomes. Tabcorp plans to separate into Lotteries & KenoCo and Wagering & GamingCo, aiming for distinct market valuations and enhanced shareholder value.","focusai_entities":"Entain, Tabcorp, Lotteries & KenoCo, Wagering & GamingCo, Steven Gregg","focusai_location":"Australia, UK","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Demerger vs. Acquisition Value?","query":"What are the specific financial implications of Tabcorp's demerger for its existing shareholders compared to the valuation proposed by Entain's all-cash acquisition offer?"},{"label":"Post-Demerger Market Impact?","query":"How will the separation of Tabcorp's Lotteries & KenoCo and Wagering & GamingCo impact their respective competitive positions and growth trajectories in the Australian market?"}],"footnotes":""},"categories":[16336,157],"tags":[13716],"class_list":["post-19900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19900","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=19900"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19900\/revisions"}],"predecessor-version":[{"id":19917,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19900\/revisions\/19917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17276"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}