A sale of the West Australian TAB is back on the agenda after the campaign to sell the state-owned asset late in 2020 was derailed by Covid-19. Working on the sales process is Adastra Corporate Advisory. Information memorandums are expected to be out to prospective buyers in September. The TAB is likely to be sold for more than $300 million and, if funding that is returned to the industry had been included, the price would be far higher. Tabcorp Holdings Limited (ASX:TAH) operates TABs throughout the country except Western Australia, so it remains the hot favourite. But wagering assets are in favour, with the level of betting on the increase amid the global pandemic. It is a busy time for dealmaking in the industry, with the Victoria TAB licence up for renewal in 2023 and questions about the future of the New Zealand TAB. Expressions of interest have been called for with respect to the Victoria TAB process.