Australia: Casino Industry Mergers Likely

Australia's $3 billion casino industry is poised for a wave of mergers and acquisitions not witnessed for several years which would dramatically change the gambling landscape. The likely shake-up of ownership of the country's 13 gambling casinos follows large-scale rationalisation of Australia's TABs ahead of expected changes to the ownership of the lottery organisations.

It comes as Tabcorp (the fourth largest gaming group in the world behind Harrah, Ceasars and MGM) and Tattersall's battle for control of the Queensland-owned UNiTAB. The move toward a likely consolidation in the number of casinos comes at a time when the exclusive licences for Queensland's three casinos have long expired, allowing other players to enter the local market.

June 20, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!

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