Tabcorp – Tatts Merger gets new approval

The merger of Tabcorp and Tatts Group has been approved by the Australian Competition Tribunal, subject to only one condition – the sale by Tabcorp of its Odyssey Gaming business in Queensland.

In its statement, the competition tribunal said it was “satisfied that the proposed merger is likely to result in substantial public benefits and that the detriments identified by the ACCC and the interveners are unlikely to either arise or are not otherwise material”

The full details of the decision are expected to be published on 22 November 2017. VANA will keep all members updated once more information is available.

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