Tabcorp announces shake-up
Anthony Marx
August 10, 2006 12:00am
VICTORIAN giant Tabcorp announced seven new appointments in its casinos division yesterday as it awaits a decision from the corporate regulator over its hostile $2.1 billion takeover bid for Queensland gaming group UNiTAB.
The changes would "place more emphasis on customers and products" and drive growth opportunities, Tabcorp said in a statement.
The company also stressed the shake-up would "further boost Tabcorp's significant commitment to its casinos division headquarters in Queensland".
Included in the reshuffle is Xavier Walsh, currently managing director for the Conrad Treasury in Brisbane, who will become head of Jupiters, with responsibility for all Queensland casino properties.
The Australian Competition and Consumer Commission is expected to release its final ruling on the Tabcorp takeover plan next Wednesday. Public comment closes tomorrow.
Meanwhile, UNiTAB remains committed to a "merger of equals" with Victorian lotteries operator Tattersall's.
Tabcorp shares fell 19¢ to $15.11 yesterday, while UNiTAB lost 12¢ to $14.35 and Tattersall's rose 2¢ to $2.80. |
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