Australia’s two largest gaming companies will not be merging, Tabcorp Holdings has announced. Rumors of a mega merger between Tabcorp and Tatts Group have been rumbling since mid July.
Elmer F. Kupper, chief executive officer and managing director at Tabcorp, told ABC's Inside Business:
"I don't think that's a very good idea for us right now. If you look at the benefits of doing that, it would really be in a relatively small part of our company -- the synergies between our two companies are not particularly large right now."
Instead of a merger with Tatts Group, Tabcorp has ambitions to grow Star City Casino and its Keno gaming business in New South Wales hotels and clubs, according to the Sydney Morning Herald.