Good evening,
 
 

Good evening,

Australia’s $4.6 billion a year horse and sports betting market is in flux – and it’s not just Tabcorp’s tyrekickers seeking to take advantage.

It is understood News Corp is mulling how it can pick up a share of the sports betting market, similar to moves by its sister companies offshore.

The deliberations have seen News Corp call for expressions of interest from wagering industry types about forming a new joint venture. It is understood the company received a handful of expressions late last year and is considering its next move.

It’s particularly interesting given appetite in Tabcorp’s wagering unit, the biggest bookmaker in the country. If News’ appetite is that big, it could always throw its hat in the ring...

Elsewhere, we take a look at the latest private equity sale out of Macquarie Capital, and reveal how Canada’s NorthWest Healthcare Properties is trying to lock out rival suitors for Australian Unity’s $2.3 billion healthcare assets fund.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors

 
The Australian Financial Review
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