0023 GMT - Macquarie analysts are wagering that Australian betting company Tabcorp could seek to sell its gaming services unit, which "may be a way to release capital for other needs," they say. They tell clients in a note that Tabcorp's gaming services business, which monitors slot machines and has a 67% market share, has no synergies with its main wagering and media unit. They add that there may be opportunities for Tabcorp to acquire or extend monitoring licenses, maximizing the unit's value under a sale. The Macquarie analysts figure the gaming services business is worth A$610 million. But they retain a neutral rating on Tabcorp shares, noting recent underperformance at the company. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
September 12, 2024 20:23 ET (00:23 GMT)
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