Ladbrokes owner makes non-binding bid for Tabcorp's wagering arm
(Reuters) - Ladbrokes owner Entain said on Tuesday it has made a non-binding indicative offer for betting firm Tabcorp Holdings' wagering and media business, as it looks to expand in Australia.
The British company, which recently snubbed a takeover approach from MGM Resorts, said talks are at an early stage and any deal would be in-line with its current deal-making strategy of expanding across regulated international markets.
(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)