The Australian Competition and Consumer Commission (ACCC) has detailed that it will not challenge the Australian Competition Tribunal’s (ACT) decision to approve the AUS $11 billion merger of Tabcorp Holdings and Tatts Group. Issuing a short market update, ACCC still believes that the Tabcorp-Tatts combination will impact industry competition within Australia’s gaming and betting markets. Nevertheless, ACCC governance will not challenge …
Read More »Tag Archives: rod sims
Tabcorp hails “significant step” following merger greenlight
The tortuous progress of the long planned AU$11bn merger between Tabcorp and Tatts has been eased after the Australian Competition Tribunal (ACT) gave the deal the go-ahead, for the second time. The case had been referred back to the ACT for a second review, following opposition to the deal from the Australian Competition and Consumer Commission (ACCC) and rival betting …
Read More »ACCC demands new review of Tabcorp-Tatts merger highlighting ACT review failures
The Australian Competition & Consumer Commission (ACCC) has filed a federal court order demanding a ‘further judicial review’ of the AUS $11 billion merger of Tabcorp Holdings and Tatts Group Plc. The Tabcorp-Tatts combination to form the ‘outright Australian gambling market leader’ was approved on 20 June by the Australian Competition Tribunal (ACT). However, the ACCC who acted as the …
Read More »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 …
Read More »