Challenge by Competition Regulator May Delay Tatts-Tabcorp Merger
The Australian Competition and Consumer Commission’s application to have the Federal Court review the Australian Competition Tribunal’s approval of the proposed merger of Tatts Group and Tabcorp may delay the timing of the implementation of the deal. Not surprisingly, Tabcorp will oppose the ACCC’s application. At this stage, it is difficult to gauge the exact impact on timing though both parties are seeking an expedited hearing. A meeting of Tatts shareholders to vote on the scheme to merge wit...Tabcorp Holdings is an Australian gambling entertainment company. Co. has three segments: Wagering and Media operations, which includes its network of TAB agencies, hotels and clubs, and on-course totalisators in Victoria, New South Wales and the Australian Capital Territory (ACT) as well as its Three Sky Racing television channels broadcasting thoroughbred, harness and greyhound racing and other sports; Gaming Services business, which consist of Tabcorp Gaming Solutions that provides a mix of gaming capabilities, services, advice and financing to licensed gaming venues; and Keno business, a random number game that is distributed to clubs, hotels and TABs and is available online in the ACT.
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