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By Rishav Chatterjee
(Reuters) - Shares in Australia's Tabcorp were on track for their best day ever on Monday after the bookmaker said it had won sole rights to a new licence for betting and wagering in the state of Victoria for the next 20 years.
The racing and wagering giant said it would pay an indicative value of A$864 million ($578.53 million) for the licence, which it has held since 1994.
Shares of the firm jumped as much as 24.8% to A$0.918 as of 0213 GMT and were set for a record int...
>>> Read more: Bookmaker Tabcorp set for record jump on winning Victorian wagering license
(Reuters) - Shares in Australia's Tabcorp were on track for their best day ever on Monday after the bookmaker said it had won sole rights to a new licence for betting and wagering in the state of Victoria for the next 20 years.
The racing and wagering giant said it would pay an indicative value of A$864 million ($578.53 million) for the licence, which it has held since 1994.
Shares of the firm jumped as much as 24.8% to A$0.918 as of 0213 GMT and were set for a record int...
>>> Read more: Bookmaker Tabcorp set for record jump on winning Victorian wagering license
