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Tabcorp Holdings Announces Changes to Reseller Arrangements with Jumbo

29 Jun 2020  |  09:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Changes to reseller arrangements with Jumbo

Tabcorp Holdings advised that it has signed a binding term sheet with Jumbo Interactive (Jumbo) (subject to conditions precedent) to amend and extend the existing commercial reseller agreements. The Agreement with Jumbo for resale of Company lottery products (NSW, Australian Capital Territory, Vic, Tasmania, SA, NT) for a 10-year term until on or about July 2030. The Fixed extension fee is of $15m payable by Jumbo to Company upon commencement.

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