Authorisation has now come through for the proposed merger between Tabcorp Holdings and Tatts Group in Australia.
The move was approved by the Australian Competition Tribunal. As part of the Tribunal authorisation process, Tabcorp engaged with an extensive range of industry participants and experts, including Australian racing codes, the business community and government bodies.
Said Paula Dwyer, Tabcorp chairman: “We welcome the decision by the Tribunal. It represents an important step towards creating a world-class, diversified gambling entertainment group that is expected to deliver significant value for both sets of shareholders and material benefits to other key stakeholders.”
