Wagering giant Tabcorp could be dusting off its stalled talks to merge with rival Tatts Group soon, after the two companies announced acquisition deals.

The Australian gambling operators had been discussing a merger back in November, which would have created a $9.4 billion betting behemoth, but the discussions fell through just days later because the two couldn’t agree on the terms of such a move.

Now, analysts are indicating that the negotiations could be revived soon as pressure from other competitors intensified.

If the deal pushes through, Deutsche analyst Mark Wilson estimates that that Tabcorp could pay up to AU$4.75 per Tatts share for 100 percent of the company, or about AU$80 million in synergies.”