July 2021<\/a>\u00a0following a strategic review of its operations. The review examined Tabcorp\u2019s structure and ownership options to create more value for shareholders, including a possible sale of its gaming and media businesses. However, the group finally decided to spin off the lottery business.<\/p>\n","protected":false},"excerpt":{"rendered":"The New South Wales Supreme Court has approved the split. The Lottery Corporation shares are expected to begin trading on the ASX.<\/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":"The New South Wales Supreme Court has approved Tabcorp's demerger, allowing the spin-off of The Lottery Corporation. This follows near-unanimous shareholder approval, with shares of The Lottery Corporation expected to commence trading on the ASX on a deferred settlement basis from May 24, 2022. The strategic move aims to reposition the Group's portfolio and enhance shareholder value.","focusai_entities":"Tabcorp, The Lottery Corporation, Australian Securities and Investments Commission (ASIC), Australian Stock Exchange (ASX), Steven Gregg","focusai_location":"Australia, New South Wales","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Tabcorp's Valuation?","query":"How is the market expected to re-rate Tabcorp's remaining wagering and media assets post-demerger, considering the strategic focus shift and potential for enhanced operational agility?"},{"label":"Lottery Corp's Growth Strategy?","query":"What are the anticipated growth strategies and capital allocation priorities for The Lottery Corporation as an independent ASX-listed entity, particularly concerning digital expansion and new product development?"}],"footnotes":""},"categories":[16336,157],"tags":[13716],"class_list":["post-30051","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\/30051","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=30051"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30051\/revisions"}],"predecessor-version":[{"id":30056,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30051\/revisions\/30056"}],"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=30051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}