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Tabcorp Announces Expansion into Asia
Tabcorp anticipates that CLO will commence
roll out of the Keno terminals in the third quarter of the 2006
CLO expects to roll out at least 60,000
Keno terminals in the first 5 years of the TCA for Keno. It is intended
that TIHK will supply but not maintain the terminals.
Based on the above terminal roll out,
Tabcorps earnings through TIs total earnings from TIHK for year 5 is
anticipated to be approximately A$50 million.
Tabcorp says that this is the first time
that a foreign company has been invited to participate at a nationwide
level in the PRC online lottery market, and is
seen by Tabcorp as a very important first step in its previously
announced program to expand into international markets
Tabcorp also is working on expansion in
Asia through building two proposed resort casinos in Singapore. The
company has been short listed by the Singapore government for the
project and a decision on successful tenders is expected either later
this year or early next year.
entire article at:
Thoroughbred News Australia
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