Tabcorp has notified players it will close online bookmaker Luxbet following its A$11 billion merger with Tatts Group
According to reports, Tabcorp Holdings Limited announced it was undertaking a strategic review of its Luxbet business in August. The review determined that Luxbet is no longer aligned with the long-term strategic interests of Tabcorp and the company said that as a result, Luxbet will be closed.
Luxbet reported earnings before interest and tax loss of $13 million for the past financial year, the reports said.
