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

UK betting giant Entain takes punt on Tabcorp as it eyes up Australian market Entain owns several betting companies including Ladbrokes, Coral and Sportingbet. (Photo by David Davies - Pool/Getty Images) Ladbrokes owner Entain has today announced that it has made an offer for betting firm Tabcorp Holdings’ wagering and media business. The non-binding indicative offer signals a desire from Entain to expand its services in Australia by becoming the country’s biggest betting company owner.