Tabcorp reviews Luxbet asset after merger
Tabcorp is finalising the merger with Tatts after last week received the approval from the Australian Competition Tribunal.
"We’ve said it is undergoing a strategic review to the market and obviously if we’re operating the TAB in all-bar Western Australia, it certainly becomes a big question mark as to whether Luxbet is a fit to the business,” said the CEO of the company.
Attenborough added that despite Racing Victoria strongly opposing the merger — it acted as an intervener in the competition tribunal’s review of the deal — the relationship between the parties was strong.
“Despite disagreements, the relationship is professional. We meet regularly, we review matters and we make decisions together. It’s really important we continue to work constructively together and we do,” he said.
Tabcorp’s chief added that the merger took the country closer to a national tote pool.
“We will extend the TAB brand in those (Tatts) states and as Ubet falls away, it creates a pathway to a national tote pool,” he said.
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