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Tabcorp - Case Study Example

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Tabcorp

Catalano. The Singapore government is accepting project plans for an integrated entertainment complex that will rise either in Sentosa Island or in the Marina Bayfront. Thus, Tabcorp sees that it may have to contend with other bidders such as Las Vegas-based firms MGM Mirage, Kerzner International and Wynn Resorts. However, Slater said that the company's goal is to have a controlling interest in the leisure and entertainment development citing that operating and managing are the areas where Tabcorp can add value (Matterson 2005, p.27). Tabcorp though is not ruling out joint ventures with other parties for the Singapore casino project.
When asked as to the income implications for the company's first foray outside Australia, Slater told the Australian that it would take three to four years for this to bear out. The period is the estimated duration of the casino project to be finished.
According to gambling analysts, it would be "impossible" to say whether the offshore project will benefit Tabcorp's investors or not in the long run (Catalano 2005, page 2 of the Business section). The market however reacted positively after Tabcorp's announcement, with the firm's stock jumping 17 cents to 30 cents. ...Show more

Summary

Tabcorp announced that it plans to build its first offshore project in Singapore that would cost more than half a billion dollars. The group will develop a leisure complex featuring a casino, luxury hotels, a theme park and retail outlets. When interviewed by The Australian's H…
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