Tabcorp Holdings Ltd. said on February 2, 2021 it had received multiple proposals for a potential sale of its wagering and media business, sending shares of the betting firm close to a one-year high. Tabcorp’s wagering arm has come under pressure from intensifying competition as the industry faces a shift to online betting from traditional retail betting. The proposals were confidential, indicative, non-binding and there is no certainty any transaction will occur, Tabcorp said. It did not name the interested parties. The company added its board was assessing the proposals and will provide an update in due course. The company’s shares jumped as much as 11.7% to AUD 4.58, hitting their highest since February 2020.