Tabcorp Holdings Limited to spin off lotteries and keno business
Following the completion of a strategic review of its business and Australian bookmaker Tabcorp Holdings Limited has reportedly announced that it will be spinning off its lucrative lotteries and keno arm into a separate listed entity.
According to a report from the Reuters news service, the Melbourne-headquartered firm used an official filing to detail that the projected move is set to be concluded by the end of next June and could see it incur separation costs of up to $206.6 million.
Sweeping significance:
Tabcorp Holdings Lim…