Tabcorp Holdings Withdraws A$1.9 Billion Unitab Offer
Aug. 17 (Bloomberg) — Tabcorp Holdings Ltd., Australia’s biggest gaming company, withdrew its A$1.9 billion ($1.5 billion) hostile offer for Unitab Ltd. after antitrust opposition, leaving Tattersall’s Ltd. the only bidder for the sports betting chain.
Related Sports Betting News:
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- Tabcorp withdraws from takeover bid
- Tabcorp First-Half Net Rises 13% on Casinos, Gaming
- Gaming: Tatts considers Tabcorp form
- UPDATE 1-Australia’s Tabcorp year profit up 4 percent
- Tabcorp Second-Half Earnings Fall 12% on Casinos
- Australia’s Tabcorp year net profit up 7 pct
- Smoking ban takes toll on Tabcorp casinos
- Tabcorp Profit Rises 25% on End to Broadcast Dispute
- Tabcorp Surges After Keeping Dividend Amid Writedowns
- Tatt’s urges racing fans to back bid
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Interesting gambling information:
- Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
- Casino gambling, including Indian gaming, is legal in 27 states and most of the casinos have been built in the last 5 years according to "America's Gambling Fever", U. S. News and World Report, 15 Jan 1996
- The first airplane flight to Las Vegas was made in May, 1920, with Lieutenant Randall Henderson, editor of the Blythe, California Herald, and Jack Beckley.
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