Tabcorp Could Seek Sale of its Gaming Services Unit, Macquarie Says -- Market Talk

Dow Jones

Sep 13, 2024

0023 GMT - Macquarie analysts are wagering that Australian betting company Tabcorp could seek to sell its gaming services unit, which "may be a way to release capital for other needs," they say. They tell clients in a note that Tabcorp's gaming services business, which monitors slot machines and has a 67% market share, has no synergies with its main wagering and media unit. They add that there may be opportunities for Tabcorp to acquire or extend monitoring licenses, maximizing the unit's value under a sale. The Macquarie analysts figure the gaming services business is worth A$610 million. But they retain a neutral rating on Tabcorp shares, noting recent underperformance at the company. (mike.cherney@wsj.com; @Mike_Cherney)

(END) Dow Jones Newswires

September 12, 2024 20:23 ET (00:23 GMT)

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They tell clients in a note that Tabcorp's gaming services business, which monitors slot machines and has a 67% market share, has no synergies with its main wagering and media unit. They add that there may be opportunities for Tabcorp to acquire or extend monitoring licenses, maximizing the unit's value under a sale. The Macquarie analysts figure the gaming services business is worth A$610 million. But they retain a neutral rating on Tabcorp shares, noting recent underperformance at the company. (mike.cherney@wsj.com; @Mike_Cherney) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 12, 2024 20:23 ET (00:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tabcorp Could Seek Sale of its Gaming Services Unit, Macquarie Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTabcorp Could Seek Sale of its Gaming Services Unit, Macquarie Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-13 08:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0023 GMT - <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts are wagering that Australian betting company Tabcorp could seek to sell its gaming services unit, which \"may be a way to release capital for other needs,\" they say. They tell clients in a note that Tabcorp's gaming services business, which monitors slot machines and has a 67% market share, has no synergies with its main wagering and media unit. They add that there may be opportunities for Tabcorp to acquire or extend monitoring licenses, maximizing the unit's value under a sale. The Macquarie analysts figure the gaming services business is worth A$610 million. But they retain a neutral rating on Tabcorp shares, noting recent underperformance at the company. (mike.cherney@wsj.com; @Mike_Cherney) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 12, 2024 20:23 ET (00:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7078","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2467175441","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467175441","pubTimestamp":1726186980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0023 GMT - Macquarie analysts are wagering that Australian betting company Tabcorp could seek to sell its gaming services unit, which \"may be a way to release capital for other needs,\" they say. They tell clients in a note that Tabcorp's gaming services business, which monitors slot machines and has a 67% market share, has no synergies with its main wagering and media unit. They add that there may be opportunities for Tabcorp to acquire or extend monitoring licenses, maximizing the unit's value under a sale. The Macquarie analysts figure the gaming services business is worth A$610 million. But they retain a neutral rating on Tabcorp shares, noting recent underperformance at the company. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7078":"赌场与赌博","TAH.AU":"TABCORP HOLDINGS LTD"},"translate_title":"麦格理表示，Tabcorp可能会寻求出售其游戏服务部门——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TAH.AU":0.9},"content_text":"0023 GMT - Macquarie analysts are wagering that Australian betting company Tabcorp could seek to sell its gaming services unit, which \"may be a way to release capital for other needs,\" they say. They tell clients in a note that Tabcorp's gaming services business, which monitors slot machines and has a 67% market share, has no synergies with its main wagering and media unit. They add that there may be opportunities for Tabcorp to acquire or extend monitoring licenses, maximizing the unit's value under a sale. The Macquarie analysts figure the gaming services business is worth A$610 million. But they retain a neutral rating on Tabcorp shares, noting recent underperformance at the company. (mike.cherney@wsj.com; @Mike_Cherney) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 12, 2024 20:23 ET (00:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}