Tabcorp Holdings Ltd — Eying the UK Market

Eying the UK Market: Tabcorp Holdings Ltd (ASX: TAH) announced that it has signed an agreement to partner with News UK to launch a new online wagering and gaming business in the UK and Irish markets to be known as Sun Bets in 2016. The new business will combine the company’s global wagering capabilities with the large customer base and market leading media assets of News UK such as The Sun newspaper and assorted sports and racing products such as Dream Team FC and Goals. The agreement is structured as a revenue sharing agreement and is subject to the company obtaining the necessary licenses and regulatory approvals and runs for an initial term of 10 years. Managing director and Chief Executive Director David Attenborough said that the UK market is an exciting opportunity worth more than AUD 7 billion and The Sun has more than 10 million readers per week and over 1 million football fans actively engaged. The deal provides the company with the opportunity to create a leading online bookmaker in the UK market. 
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