Tag Archives: ACCC

Tabcorp governance told to explain unfair price plan ‘Project Alfred’

As the Australian Competition Tribunal (ACT) takes on the role of lead supervising body of the AUS $11 billion planned merger of Tabcorp Holdings and Tatts Group a number of industry stakeholders have addressed concern regarding the combination to create the Australia’s outright gambling market leader. This week, former merger review body The Australian Competition & Consumer Commission (ACCC) revealed …

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Tabcorp enters crucial week for Tatts merger

Tabcorp Holdings governance enters a crucial week for its planned AUS $11 billion merger with main market rival Tatts Group, as its takeover deal is set to be presented to the Australian Competition Tribunal (ACT). In a surprise move last March, Tabcorp governance announced that it had decided to switch the regulatory body reviewing its  Tatts merger ditching the Australia Competition …

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Tabcorp switches to ‘stakeholder friendly’ ACT as regulatory supervisor for Tatts combination

In a surprise move, the governance of Australia ASX-listed gambling operator Tabcorp Holdings has announced that it has switched regulatory body supervising its AUS $11 billion merger with competitor Tatts Group. Updating investors this morning, Tabcorp confirmed that it had filed a direct merger application with the Australian Competition Tribunal (ACT), replacing the Australia Competition & Consumer Commission (ACCC) as …

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ACCC watchdog wants Tabcorp & Tatts to restructure assets

Australian gambling market concerns published by the Australian Competition and Consumer Commission (ACCC) regarding the planned AUS $11 billion merger of gambling giants Tabcorp Holdings and Tatts Group has led to a restructure of assets in order for stakeholders to gain ‘final merger approval’. Issuing a 38-page report, the ACCC has detailed that the combining of Tabcorp and Tatts assets …

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AUS $9 billion merger back on Tatts & Tabcorp agendas

Australian business news sources are reporting that market leading gambling operators’ Tabcorp Plc and Tatts Group have entered advanced talks to create an AUS $9 billion enterprise. The operators have previously engaged in merger discussions. In November 2016, Tabcorp and Tatts governance entered initial discussions but quickly repealed discussions after failing to agree on any potential merger terms. Today both …

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ACCC wanted Bet365 fine for misleading promotion doubled

The Australian Competition and Consumer Commission (ACCC) had pushed for Bet365 to receive more that double the AU$2.75m fine it has received for posting a misleading sign-up offer on its Australian site. The ACCC believed that the bookmaker should pay between AU$5m- $6m for the sign up offer, which was accidentally promoted between March 2013 and January 2014 on its Australian landing page …

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