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Five things fundies will watch in profit season
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Tabcorp to demerge lotteries and keno arm
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Sir Ron Brierley, once a lauded corporate raider, now viewed with contempt. (file photo)
Brierley Investments was once the country’s biggest listed company, its eponymous founder famous for hunting down undervalued companies and selling off their assets for a profit. It’s estimated one in every 20 New Zealanders owned shares in the corporate raider, and it made Sir Ron Brierley very rich, with a wealth consistently estimated well over $100 million, elevating him to the top of the corporate world. Now his reputation is in ruins, after the 83-year-old, who lives in Australia, pleaded guilty on Friday to possessing child sexual abuse material, having been detained attempting to board a flight from Sydney to Fiji in December 2019.
The corporate giants circling Tabcorp didnât bet on Peter Vâlandys
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The corporate giants circling Tabcorpâs $10 billion gambling empire would not have been expecting to encounter an obstacle quite like Australiaâs most powerful and controversial sports administrator, Peter Vâlandys.
Tabcorp on Tuesday confirmed it had received indicative and non-binding offers for its wagering and media businesses from multiple parties. And later that evening British gambling outfit Entain, the owner of Ladbrokes, was quick to say it had offered to buy the business, which analysts say could fetch as much as $3 billion.
Racing NSW chief Vâlandys says Tabcorp break-up needs industry approval
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One of the racing industryâs most powerful figures, Racing NSW chief executive Peter Vâlandys, has warned any potential deal to buy Tabcorpâs wagering assets would need his approval which is not guaranteed.
âI think itâs in its infancy stage because I donât think theyâre aware . they must have an agreement with the NSW racing industry and we will certainly not be giving that approval lightly,â Mr Vâlandys told the
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