After more than a year of debate, the combining of Tabcorp and Tatts Group has been given final approval and shareholders notified. The proposed $11bn merger between the two ASX-listed Australian gaming companies was announced mid-October 2016. The Australian Competition Tribunal (ACT) approved the deal in June this year, but this decision was appealed by […]
With the ink still wet on the Tribunal’s report, the ACCC has announced an appeal on key factors in the decision to allow Tabcorp to proceed with its $11bn merger acquisition of Tatts Group. November last year, Tabcorp sought informal clearance for its acquisition of Tatts through the ACCC (Australian Competition & Consumer Commission). When
Gaming giants Tatts Group and Tabcorp have lost their final chance for compensation over Victoria’s poker machines, with the High Court ruling against the foundation of their appeals. After three and a half years and massive legal fees for both companies and the Victorian Government, the High Court has determined neither company is entitled to
The long-fought rivalry between Tabcorp and Tatts continues, with the growing battle for the prized digital market ironically triumphing venues. Earlier this year Tatts Group launched its digital service Tattsbet, but even more recently rebranded it with the fresh name Ubet. Already holding a commanding market share in this highly-competitive space with its Tab.com.au, TAB
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