Rejected by regulator, Tabcorp withdraws bid

Tabcorp Holdings, the biggest Australian gaming company, said Thursday that it had withdrawn its 1.9 billion Australian dollar, or $1.5 billion, hostile offer for Unitab after antitrust opposition, leaving Tattersall’s the only bidder for the sports betting chain.

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Thu, August 17th, 2006

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Interesting gambling information:

  • Indian tribes have used their position as sovereign entities to develop a number of gaming establishments. Indian casinos operate in 22 states. This number is expected to grow.
  • The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
  • The major differences between regular poker and video poker is that you are playing against a machine rather than real people, and your goal is to achieve particular hands rather than beat opponents hands.
  • In Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.