Tabcorp to sell state gaming machine unit to ease concerns over Tatts deal

Tabcorp to sell state gaming machine unit to ease concerns over Tatts deal

The logo for Australian gambling company Tabcorp Holdings Ltd (TAB) is displayed outside a TAB branch in central Sydney, Australia, October 18, 2016. REUTERS/David Gray

Top Australian bookmaker Tabcorp Holdings said it will sell a small compliance unit to address antitrust worries about a A$6.4 billion ($4.82 billion) takeover of rival Tatts Group, sending both firms’ shares up as investors bet the deal will proceed.

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