This week the Australian Business Journal reported that high-level sources in the know are claiming that a deal is imminent that would see betting firms Tabcorp and the Tatts Group merge.
If the deal comes to fruition, the merged entity would create a gambling giant worth more than A$9.4 billion. The companies are reportedly involved in talks, and would see Tabcorp purchasing all of the Tatts Group, overtaking their operations.
Tabcorp and Tatts have had multiple acquisition talks in the past, as the groups held discussions in both 2006 and 2011. Casino Listings will update this story as more developments arise.
UPDATE: The groups have announced that they have cancelled their talks, as both sides were unable to come to an agreement. A statement from Tabcorp said that talks were cancelled when both sides "were unable to agree mutually acceptable terms and those discussions have ended".