Tabcorp's Life After Tatts: Wagering Is Still King
While the integration of Tatts' lotteries businesses provides narrow-moat-rated Tabcorp with a source of more defensive earnings, the firm's core wagering business still contributes the most significant proportion of earnings. The company’s primary objective will be integrating the newly acquired Tatts wagering business, and the company should extract significant synergies, particularly on the cost side. The inclusion of UBET further expands Tabcorp's wagering footprint as the firm strives to co...Tabcorp Holdings is an Australian gambling entertainment company. Co. has three segments: Wagering and Media operations, which includes its network of TAB agencies, hotels and clubs, and on-course totalisators in Victoria, New South Wales and the Australian Capital Territory (ACT) as well as its Three Sky Racing television channels broadcasting thoroughbred, harness and greyhound racing and other sports; Gaming Services business, which consist of Tabcorp Gaming Solutions that provides a mix of gaming capabilities, services, advice and financing to licensed gaming venues; and Keno business, a random number game that is distributed to clubs, hotels and TABs and is available online in the ACT.
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