Australia's Tabcorp to spin off Lotteries & Keno business into a listed entity

Australia's Tabcorp to spin off Lotteries & Keno business into a listed entity

The logo for Australian gambling company Tabcorp Holdings Ltd (TAB) is displayed outside a TAB branch in central Sydney, Australia, October 18, 2016. REUTERS/David Gray

Australia’s Tabcorp Holdings Ltd said on Monday it would spin off its Lotteries & Keno business into a listed entity, drawing an end to a company-wide review it undertook earlier this year as interest built for a separate unit.