FoxBET considers Tabcorp bid

Business News

Fox Corporation has been engaged on a possible bid for elements of ASX-listed gaming operator Tabcorp in a consortium involving different traders.

The Los Angeles primarily based company, which is run by billionaire media scion Lachlan Murdoch, has additionally registered a trademark for its betting arm FoxBET in Australia, in a transparent signal the company is planning an assault on the native wagering trade.

FOXBet U.S. recently launched its app on Apple iOS platform and on Google’s Android operating system in New Jersey and is expected to later roll out in other states.

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