It is clear that the interest in online gambling is on a surge in Australia. The entities offering such online gambling opportunities are upbeat about future prospects. In 2015, the revenues of companies like Tabcorp and Tatts went down to an extent. This was caused by the deregulation of gambling licenses in Australia, which enabled international bookmakers to compete. The largest internet gambling entities in Australia are aware that a strategic plan has to be followed for staying competitive.
The latest buzz doing the rounds indicates the major online gambling players in Australia are planning to join forces to become a giant online gambling enterprise with assets worth $7.1 billion USD. However, the plan will have to get the approval of their respective company shareholders. To finalize the plan, certain regulatory issues have to be analyzed as well.
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Tabcorp started its journey in Melbourne Australia way back in 1994. In the financial year 2016, its revenue stood at $2 billion and generated over $787 million for racing industry. It has over 3000 employees globally and more than 4000 venues for running operations. Its portfolio of brands is quite impressive and includes Tabcorp Gaming Solutions, Luxbet and TAB, Keno as well as Sky Racing.
Tatts started operations in 1881 and is headquartered in Queensland. Tatts Group is keen on giving topmost priority to its customers, as it is mentioned on the website. The group is keen on improvising ways and deploying policies that help it accomplish its core objectives. It sticks to the values that have yielded positive results.
