Australia
Tabcorp to Sell its 11.6% Stake in Jumbo Interactive

Tabcorp Holdings Limited has entered into an agreement with Stockbroker UBS to sell its 11.6% stake in lottery company Jumbo Interactive.
Tabcorp will sell 7,234,178 shares in Jumbo at a price of AU$13.52 (US$9.69) per share for gross proceeds of approximately AU$98m (US$70.24m). Profits after taxes are expected to reach AU$69m (US$49.46m).
“Following the recent extension of our long-standing commercial distribution relationship with Jumbo for a ten-year term to August 2030, there is no longer a strategic rationale for Tabcorp’s shareholding in Jumbo,” David Attenborough, MD and CEO of Tabcorp, said in a release to the Australian Securities Exchange.
She said the company had decided to monetise its participation in the online lottery operator and use the profits to boost financial results in the first half of 2021 and strengthen its balance sheet.
Proceeds will also support Tabcorp’s move towards a “recently revised target gearing range.”
-
Central Europe4 days ago
Change of Chairmanship in the GGL Board of Directors as of 1 July 2025
-
Asia4 days ago
iQOO Becomes Official Title Sponsor for S8UL’s Historic Esports World Cup 2025 campaign
-
Central Europe4 days ago
Gaming in Germany Conference returns to Berlin November 11, 2025
-
Eastern Europe4 days ago
Totogaming Joins Cernica Pantelimon RunFest: Not Just Present, But Fully Participating
-
Latest News4 days ago
Bow Miner: The Future of AI-Powered Cloud Mining is Here!
-
Latest News4 days ago
Betsson Extends Partnership with Nordea Open – Sweden’s Premier Tennis Tournament on Clay
-
Latest News4 days ago
Atlaslive Reflects on iGB L!VE 2025: Conversations That Shape the Future of iGaming
-
Latest News4 days ago
SOFTSWISS Rolls Out Red Carpet for F1 Film – and a Tech-Fueled Vision of iGaming