In Australia and prominent bookmaker Tabcorp Holdings Limited has announced that it is to pay approximately $21 million in order to acquire a 20% stake in socialized digital wagering platform compatriot Dabble Sports Proprietary Limited.
The Melbourne-headquartered firm used an official press release (pdf) to declare that the fully diluted investment remains ‘subject to customary conditions’ including approval from the Northern Territory Racing Commission and will eventually entitle it to appoint a director to the innovator’s board ‘subject to probity approval.’
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