Tabcorp betting monopoly extended

Tabcorp Holdings Ltd has won a 20-year extension of its retail betting monopoly in New South Wales by paying $75 million to the State government under an in-principle agreement.

Tabcorp Holdings Ltd has won a 20-year extension of its retail betting monopoly in New South Wales by paying $75 million to the State government under an in-principle agreement.

It is understood there was no competitor looking to break Tabcorp's monopoly.

The exclusivity deal gives Tabcorp a monopoly on rights to TAB outlets and TAB operations in pubs and clubs.

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