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Entain first to bat with AUS $3bn cash-offer for TAB

Entain first to bat with AUS $3bn cash-offer for TAB
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April 1, 2021
Entain Plc has emerged as the first suitor to disclose its interest in acquiring Tabcorp Holdings’ TAB racing and sports betting unit, tabling an AUS $3 billion (£1.9 bn) all-cash offer to take control of the underperforming business.
The FTSE100 firm’s cash offer represents, it said, the ‘market valuation’ placed by ASX analysts on Tabcorp’s wagering unit.
The
Australian Financial Review (AFR.com) reported, however, that Entain’s opening offer will likely be rejected by Tabcorp, which pursues a minimum valuation of AUS $3.5 billion (€2.15 bn) for TAB which maintains a number of exclusive wagering rights within Australia’s six states. ....

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Buenos Aires Online Gambling Licensing Process Hits Hurdle

January 13, 2021, 4:42 pm
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Last year The Provincial Institute of Lottery and Casino (IPLyC) in Buenos Aires received 14 proposals for legal online gaming operations in Argentina’s province. On the last day of 2020, the Institute approved only seven of them.
The process for the regulation of the online gaming in Buenos Aires was very long since it started in 2018. After a significant set back in August 2019, due to the complicated political situation in the country, at the end of the year 2020, the regulated gaming launch reached a turning point when the province’s gambling regulatory body announced the seven winning proposals for iGaming and digital wagering licenses. ....

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Call for further information on Buenos Aires betting licences

Call for further information on Buenos Aires betting licences
sbcnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbcnews.co.uk Daily Mail and Mail on Sunday newspapers.

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Douglas Bay Complex sold

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The Douglas Bay Complex, understood to be the largest office building in the island, has been sold.
The business venue, extending to more than 66,000 sq ft and 300 plus parking spaces, had an asking price of nearly £20m.
It stands on the site of the former Douglas Bay Hotel which burned to the ground in 1988.
Property agents, Black Grace Cowley confirmed the sale. Director Mark Grace said that for the third time in 20 years, he and the company have sold the huge property, this time for an undisclosed sum, to Channel Island Investors.
He said: ’To sell an iconic building like this twice in a career was unusual, but to sell it for a third time was quite something.’ ....

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