Australian giant Tabcorp in talks to pull out of Sun Bets
Australian betting giant Tabcorp have said they are in talks to pull out of their deal to run the ailing Sun Bets business they operate in partnership with Rupert Murdoch's News UK.
Tabcorp had warned last October that trading had been disappointing since Sun Bets was launched in 2016 and that the business was the subject of a strategic review.
In a statement released on Friday Tabcorp said the review had concluded and that they were now in discussions with News UK "about a proposal to exit its agreement to operate Sun Bets".
Tabcorp added: "These discussions remain ongoing and an agreement has not been reached at this stage. Tabcorp has commenced collective consultation with Sun Bets employees regarding the proposal, which is in line with UK employment law obligations."
In April the Gambling Commission imposed an £84,000 penalty on the firm and carried out a licence review over the 'Piegate' stunt when Sun Bets offered 8-1 that Sutton United goalkeeper Wayne Shaw would eat a pie in the dugout on camera during a televised FA Cup tie against Arsenal last year.
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