Listed gaming company Tabcorp has agreed to a $75 million deal to extend its exclusive license for bricks-and-mortar wagering outlets in NSW.
According to the AFR, no one actually thought it would lose the exclusive license, and the 20-year extension had already been factored into its share price.
It agreed to pay $50 million upfront, and the rest of the money over a 10-year period from 2024.
Read more here.
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