Tabcorp and Tatts merger is near

Tabcorp and Tatts merger is near

It is expected, that multibillion merger of Tabcorp and Tatts gaming companies will conclude in November.

In October 2016, the organizations agreed to create a diversified entertainment gambling group and ASX 50 company with the enterprise value of 11.3 billion US dollars and market capitalization of about 8.6 billion US dollars.

The deal will create a new object, unifying TAB betting, lotteries, Keno and gambling services and I expected to provide annual synergy and business improvement in the amount of $130 million. Together they would combine the profit of 5.2 billion US dollars.

Nevertheless, the deal still has official statements, which are yet to be concluded.