TAB is fit to race

Article Abstract:

The New South Wales gaming company TAB limited is under takeover offer from the Queensland wagering company UNiTAB, and a rival bid is expected from Tabcorp in Victoria. The co-investment clause prevented TAB from making moves on the TABs in South Australia and the Northern Territory that were eventually acquired by UNiTAB.

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All wagers on again

Article Abstract:

The Australian gaming industry is not expected to increase greatly in 2002-03. Several large gambling companies including UNiTAB and Tabcorp are looking for acquisitions as growth prospects. However, the firms that lose bidding wars may become takeover targets themselves.

Forecasts, trends, outlooks, Industry forecasts

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Short-price favorite

Article Abstract:

New South Wales(NSW) Racing has decided to support Victorian company Tabcorp and reject the UNiTAB's bid for TAB. Tony Hartnell, the chairman of NSW Racing is willing to improve the relationships between racing and wagering industries.

Strategy & planning, Contracts & orders received, Management dynamics, Contracts & orders let, Management, Planning, Contracts, Contract agreement, Company business management, Company business planning, Hartnell, Tony

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