'The fees they pay back to racing are significantly less'

Industry editor Bill Barber on the attractions and challenges for the new arrivals down under

Tabcorp look for merger

The response of Australia's biggest bookmaker Tabcorp to the foreign invasion was to announce an A$11.3bn merger with rival Tatts Group in October in an attempt to deal with the challenge from the Europeans.

The deal is expected to be completed in mid-2017 as long as it receives regulatory approval and approval from shareholders.

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Published on 14 December 2016inFeatures

Last updated 18:09, 14 December 2016

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