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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