Tabcorp Will Close Online Bookmaker Luxbet After Tatts Merger

Sat, Dec 23, 2017

Tabcorp reportedly plans to close online bookmaker Luxbet following its A$11 billion merger with Tatts Group. Players at the site were notified that betting will stop December 22.

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.

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