Tabcorp Case Study Example | Topics and Well Written Essays - 500 words

Tabcorp - Case Study ExampleCatalano. The Singapore government is accepting project plans for an integrated entertainment complex that bequeath rise either in Sentosa Island or in the Marina Bayfront. Thus, Tabcorp sees that it may have to contend with other bidders such as Las Vegas-based firms MGM Mirage, Kerzner International and Wynn Resorts. However, Slater said that the companys conclusion is to have a controlling interest in the leisure and entertainment development citing that operating and managing are the areas where Tabcorp can add value (Matterson 2005, p.27). Tabcorp though is not ruling out joint ventures with other parties for the Singapore casino project.When asked as to the income implications for the companys first foray outside Australia, Slater told the Australian that it would take three to quartet years for this to bear out. The period is the estimated duration of the casino project to be finished.According to gambling analysts, it would be impossible to say whether the offshore project provide benefit Tabcorps investors or not in the long run (Catalano 2005, page 2 of the Business section). The market however reacted positively after Tabcorps announcement, with the firms stock move 17 cents to 30 cents.