By Andy Young

Tabcorp Holdings and Intecq Limited have entered into a binding agreement, in which Tabcorp has agreed to acquire all Intecq shares.

Intecq is a leading Australian gaming systems company gaming technology, management and monitoring services to gaming venues and other businesses. Intecq has commercial agreements with over 1200 licensed venues and more than 70,000 gaming machines across Australia.

Tabcorp’s managing director and CEO, David Attenborough said: “The acquisition of Intecq presents an exciting opportunity for Tabcorp to strengthen our gaming services business. 

“Intecq complements our Tabcorp Gaming Solutions (TGS) business, providing increased scale and diversification of earnings. Intecq’s operational and geographic footprint provides an exciting platform for accelerated growth by expanding our product and service offering to both the Intecq and TGS customer base.

“Intecq has a track record of innovation. We look forward to combining capabilities to strengthen our market-leading gaming and venue service offering.”

Intecq executive deputy chairman, Tony Toohey, and acting CEO and COO, Peter Walford, have agreed to remain with the business following the acquisition. The directors of Intecq have unanimously recommended that all the companies shareholder vote in favour of the acquisition, in the absence of a superior proposal. 

The Shout Team

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