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BRIEF-Tabcorp says co and News UK to partner to launch online business in the UK

Published 10/12/2015, 08:42 am
Updated 10/12/2015, 08:50 am
© Reuters.  BRIEF-Tabcorp says co and News UK to partner to launch online business in the UK
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Dec 10 (Reuters) - Tabcorp Holdings Ltd TAH.AX :

* Tabcorp and News UK partner to launch new online business TAH.AX

* The business will be known as sun bets and will launch in 2016.

* Says signing of an agreement to partner in the launch of a new online wagering and gaming business in the UK and Irish markets

* Agreement is structured as a revenue share arrangement with News UK undertaking internal and external media promotion of the business

* Tabcorp will provide News UK with a share of the revenue from the new business each year

* Says agreement is subject to Tabcorp obtaining the necessary licences and regulatory approvals

* Agreement runs for an initial term of 10 years

* Source text for Eikon ID:nASX3KMGmh

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