Tabcorp's strategic review of UK online wagering and gaming partner Sun Bets has ended, with the company now in discussions with News UK about a proposal to exit its partnership.
In an ASX release dated October 27 2017, Tabcorp announced that Sun Bets’ trading was challenged and that a strategic review of the business had commenced.
This review has concluded and Tabcorp is now in discussions with News UK about a proposal to exit its agreement to operate Sun Bets.
These discussions remain ongoing and an agreement has not been reached at this stage.
Tabcorp has commenced collective consultation with Sun Bets employees regarding the proposal, which is in line with UK employment law obligations.
