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Tabcorp Denies Trying to Offload Wagering Operation31 March 2003AUSTRALIA – As reported by the (Australia) Financial Review: "Victorian gaming giant Tabcorp says it remains fully committed to its wagering operation and will consider buying UNiTAB or TAB Ltd if they come on the market. "The company denied suggestions it was looking to offload its wagering business, or pass it to the racing industry. "Tricia Wunsch, Tabcorp Holdings' general manager, corporate affairs, said: `It's not true we're considering spinning off our wagering business.' "`In fact, if either UNiTAB or TAB Ltd was on the market at the right price we would have a tilt.' "Rumours have been circulating in the market that Tabcorp could strike a deal with the Victorian racing industry, which gets a 25 per cent cut of earnings from all divisions under a profit-sharing agreement…" |