Intralot said on 21 May 2025 that it had no binding agreement and was not negotiating an acquisition in Australia, responding to reports about Tabcorp’s Max Gaming business. The company made the statement in reply to a query from the Hellenic Capital Market Commission.
Intralot’s denial leaves no confirmed acquisition talks involving Tabcorp’s Max Gaming business.
The day’s most important stories, free. One email a day.
BetMakers said preliminary, informal discussions with Tabcorp about a possible change of control have ended without a formal offer. The company said it continues to provide Tabcorp with wagering technology and content distribution services; Tabcorp had not formally responded.
Fitch reportedly said Tabcorp was well positioned to improve operating margins and reduce leverage. The available text gave no further details.
Fitch said slower earnings growth and heavy capital spending are keeping leverage high among gaming operators in Asia-Pacific, with recent downgrades linked to company-specific pressures. It expects Genting Bhd's net leverage to remain above 4.0 times over the next three years and Genting New York's annual capital spending to average around US$800 million over the medium term.
Victoria’s regulator fined Tabcorp $350,000 in July for telemarketing breaches. The penalty followed an earlier fine from the Australian Communications and Media Authority within the preceding three months.
Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.
Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their planned merger. The arbitrage strategy seeks to benefit from differences between the companies' share prices and the value resulting from the deal.