Tabcorp Holdings on Tuesday announced that its wholly-owned subsidiary, Tatts Online Pty Ltd, has exercised in full its option to purchase an additional 3.5 million shares in Jumbo Interactive Limited.
The purchase would be made at an exercise price of $2.37 per share.
However, in conjunction with the share acquisition, Tabcorp also announced it had sold 2.9 million Jumbo shares to a group of institutional investors.
The end result puts Tabcorp in a position of owning 7.2 million shares, representing 12.49 percent of Jumbo shares.
Tabcorp says it has no intention to sell any of its remaining shareholding in Jumbo.
The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
Bloomberry Foundation and the Philippine Amusement and Gaming Corp said they have completed the capital region’s largest quarantine facility for Covid-19 patients.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
The next edition of the AGB Webinar Series will look at the future of iGaming customer acquisition and retention, which has been going through a transition period over the last year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
IN FOCUS: SPORTS BETTING Ball games bounce back. Major sporting events are slowly ramping up around the world and with them the drama and surprises, not all of them good for sports betting operators.
IN FOCUS: AUSTRALIA
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