endeavour drinks: ALH owns 12,000 poker machines across 330 pubs throughout Australia, which makes it the largest pokies business in Australia, according to The Independent. The 10bn new company, which will include 1,500 BWS and Dan Murphy's alcohol retail chains, will be demerged, either sold off or put out for an initial public offering. The supermarket giant announced on Wednesday that Endeavour Drinks would be combined with the hotels and gaming-focused Australian Leisure & Hospitality Group under the new umbrella Endeavour Group Limited. The separation has been flagged for 2020. Woolworths was coming under pressure to divest from gambling after rival Coles announced in March it had inked a 200m deal with a private equity firm to give up control of about 3,000 poker machines. Coles dumps pokies, putting Woolworths under pressure to follow suit Read more The board believes that a merger of Endeavour Drinks and ALH followed by a separation, is in shareholders' best interests and will benefit customers and team members of both groups, the Woolworths chairman, Gordon Cairns, said in a statement to the stock exchange.
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