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Tabcorp Holdings Notes on Jumbo Interactive Extending Channel Partnership for 10 years to 2030

29 Jun 2020  |  09:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: JIN: Tabcorp 10 year agreement

Tabcorp Holdings noted that Jumbo Interactive advised that it has extended its 15 year relationship with Company and associated subsidiaries with the signing of a binding term sheet on 28 June 2020 (subject to certain conditions precedent) in relation to new reseller agreements for the next 10 years to around July 2030. The revised reseller agreements (covering NSW, Vic, SA, NT, ACT and Tasmania, as well as international jurisdictions) recognise the importance of Jumbo as Company's largest authorised lottery ticket reseller, with the 10 year term.

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