World news – British betting giant Entain attacks Tabcorp while keeping an eye on Australia’s CityAM market


Ladbrokes owner Entain today announced that it has made an offer for the betting and media business of betting firm Tabcorp Holdings.

The non-binding indicative offer signals Entain’s desire to expand its services in Australia and to become the largest owner of the betting company in the country.

Entain already has a small presence in the Australian betting market through Ladbrokes and Neds International.

The British company, which also owns Bwin and Coral, has recently started a takeover approach Rejected by MGM Resorts.

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