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Luxbet losing and ToteTas nears sale

Snippets from the Aus financial wires..

Tabcorp share assessment

Tabcorp's only NT wagering arm, Luxbet, set up to take on the likes of Centrebet and Sportsbet, isn't yet making money and the win rates aren't where they should be. But Luxbet has accrued 23,000 customers and Funke Kupper claims its brand recognition is up there with the likes of Centrebet.

Funke Kupper is taking a “fight them on the beaches” approach to customer retention, especially in wagering. “It's really important we stand in the market place,” he declares. “We will take people on, even though it's not necessarily cheap for us.”


The rumours were that Luxbet was set up with bottomless pockets in a concerted effort to take market share away from the likes of Centrebet, Sportingbet, Sportsbet, so that backs up the theory.


Tote Tasmania may sell for A$300m next month

Four companies -- Tabcorp Holdings Ltd., Tatts Group Ltd., U.K.-based Ladbrokes Plc and Greece’s Intralot SA -- are on the short-list to buy the wagering business and have entered the due diligence phase of the sale process, the newspaper reported without saying where the information came from.

No mention of Betfair there, very interesting. And eGaming Review had reported Ladbrokes to be out of the running. Surely on the lamentable performance of Intralot in Victorian lotteries recently, they can't be allowed to buy it...

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