An electronic ticket scanner by Tatts Group Ltd. stands on a counter at a newsagent's store in Melbourne, Australia, on Thursday, Dec. 15, 2016. A consortium including Morgan Stanley and KKR & Co. offered as much as A$7.3 billion ($5.5 billion) for Australian betting and lotteries business Tatts Group, setting up a potential bidding war with Tabcorp Holdings Ltd. Photographer: Carla Gottgens/Bloomberg via Getty Images