The TAB Still Gets To Be The Only Gambling Store In NSW After It Agreed To Pay $75 Million

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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.

Now read: ANALYSTS: Corporate Bookies Like Tom Waterhouse Will Be Hit Hardest By A Live Odds Ad Ban

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