A$11.3bn Merger Between Tabcorp and Tatts Group to Move Forward

Submitted by C Costigan on

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C Costigan

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A$11.3bn Merger Between Tabcorp and Tatts Group to Move Forward

A A$11.3bn ($8.6bn; £6.7bn) proposed merger between Australian gambling titans Tabcorp and Tatts Group has been approved by the Australian Competition Tribunal despite objections from competitors.

The ACT says the merger will have "substantial public benefits."

Tabcorp and Tatts hope joining forces will help compete against the rise of online betting.

Shares in both firms rose by about 5% this past Tuesday.

- Aaron Goldstein, Gambling911.com

 

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