Tag Archives: ACT

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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Tony Fung acquires discounted Canberra casino

Hong Kong billionaire Tony Fung is set acquire Canberra’s ailing casino from Casino Austria International for AUS $ 6 million (£3.10 million). Australian Capital Territory (ACT) Racing and Gaming Minister Joy Burch approved the sale to Fung’s investment enterprise Aquis after reviewing redevelopment plans put forward by the Billionaire. Australian news sources report that Fung and his Justin negotiated the …

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Tabcorp agrees deal for £58.4m ACTTAB

Australian wagering operator Tabcorp has reached an agreement with the Australian Capital Territory Government to acquire ACTTAB for AUS$105.5 million (£58.4m). ACTTAB is a territory-owned provider of totalisator and fixed odds wagering, Keno and Trackside products. The business offers its services and products through a distribution network comprised of 53 retail outlets located throughout Canberra, as well as telephone and …

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