licence

Tabcorp Beats Tatts to Win Betting Licence


Victorian racing will get a minimum $1 billion over three years as part of the joint deal with Tabcorp (ASX:TAH), which has proposed a performance obligation payment until 2015.

After Tabcorp defeated rival Tatts Group yesterday for Victoria's 12-year wagering and betting licence, shares rose more than 5 percent to $3.26, a 16 cents increase. Tatts shares added 1 cents to close at $2.33.

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