It's off to the capital raising races for listed gambling giant Tabcorp.
The $7.5 billion company will hand down its full-year results to shareholders on Wednesday and tonight we reveal it's well and truly locked in a $500 million-odd equity raising to accompany them.
The big question, though, is what narrative Tabcorp will come up with to attract new investors to tip into the offer, or convince former shareholders to take a fresh look.