Original article by John Stensholt
The Australian Financial Review – Page: 15 & 20 : 21-Jun-17
The Australian Competition Tribunal has cleared the proposed $A11bn merger of gambling giants Tabcorp Holdings and Tatts Group. Tribunal president Justice John Middleton rejected the Australian Competition & Consumer Commission’s concerns about the impact on competition, arguing that the merger will result in significant benefits for the public. However, he has stipulated that Tabcorp must proceed with the sale of Odyssey Gaming Services. Tabcorp hopes to finalise the merger by September.
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TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, AUSTRALIA. COMPETITION TRIBUNAL, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CROWNBET PTY LTD, RACING.COM, RACING VICTORIA LIMITED, NEWS CORPORATION – ASX NWS, SUN BETS