Gambling giant Tabcorp has threatened legal action against competitors Ladbrokes and Neds as it seeks to tear up a partnership that jeopardises its lucrative monopoly in New South Wales pubs and raises the prospect of more betting ads inside venues.
The dispute highlights the increasingly competitive sports gambling industry in Australia, with companies battling for a larger share of the multibillion-dollar market. Tabcorp, traditionally known for in-store betting, is now prioritising online wagering in direct competition with Labrokes and Neds.
