Tag Archives: Tatts

ACCC will not stand in way of Tabcorp-Tatts merger

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 …

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Crownbet drops all oppposition to Tabcorp-Tatts merger

Updating the market, Australia ASX-listed gambling group Tabcorp Holdings has confirmed that it has fully settled its Tatts Group merger dispute with competitor Crownbet Limited. “CrownBet has agreed not to apply for judicial review of the Tribunal’s decision on 22 November 2017 to grant authorisation for the Transaction. CrownBet has also agreed not to take any action which would impede …

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Kindred Group looks to make inroads Down Under with new marketing drive

Online gambling operator Unibet, part of the Malta-based Kindred Group, intends to use aggressive marketing techniques to increase its share in the Australian gambling market, according to The Australian Financial Review.   Despite entering the market back in 2012 after purchasing local firm Betchoice, Unibet is still relatively small in the Australian market, particularly in comparison to the likes of …

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William Hill eyes Australian expansion by entering CrownBet takeover talks

Crown Resorts, the Australian gaming and entertainment group, and William Hill have both moved to confirm discussions have taken place, and are ongoing, regarding the formers 62% stake in online betting firm CrownBet. Speculation first came to light in The Australian newspaper, that ‘in depth’ talks over a potential deal were believed to ongoing between governances. Presenting a statement to the media, Crown Resorts …

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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 …

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Lottoland aims to work with Northern Territory Government after ban

Online lottery operator, Lottoland has revealed it ‘aims to work with the Northern Territory Government,’ after the Australian regulatory body revealed its plans on banning licensees from betting on Australian lotteries. The ban come as a result of  heavy lobbying against synthetic lotteries,  from the Tatts Group and the Australian Lottery and Newsagent Association (ALNA). Adam Joy, chief executive of …

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Tabcorp-Tatts merger nears conclusion as Tatts sets up October Shareholder Vote

Updating the market, the governance of Australia ASX-listed Tabcorp Holdings Plc has provided a corporate update on its AUS $11 billion merger with Tatts Group, which will create the ‘outright Australian gambling market leader’. The Supreme Court of Victoria has ordered for a meeting of Tatts shareholders on Wednesday 18 October to vote on the proposed Tabcorp-Tatts combination. In preparation …

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CrownBet backs ACCC filing against ACT’s review of Tabcorp-Tatts

James Packer’s CrownBet has again reiterated its stance against the AUS $11 billion merger of Tabcorp Holdings and Tatts Group Plc, by filing a judiciary appeal against the deal’s progress. CrownBet joins the Australian Competition & Consumer Commission (ACCC) in demanding a new competition review of Tabcorp-Tatts, stating that review body Australian Competition Tribunal (ACT) had acted in an ‘inconsistent’ …

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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 …

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Australian betting industry awaits ACT’s Tabcorp-Tatts merger decision

Australia betting/gambling industry stakeholders await the official Australian Competition Tribunal (ACT) decision with regards to the AUS $11 billion Tabcorp Holdings and Tatts Group merger (deal first announced October 2016). Throughout May, the ACT has examined heated debate and opinion with regards to the Tabcorp-Tatts combination to create the Australian gambling market’s outright leader. As the merger review enters its …

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