accc-vetoes-tabcorps-merger-with-unitab

ACCC vetoes TabcorpÆs merger with Unitab

The Australian competition watchdog rules against the A$2.1 billion deal due to structural concerns.
One of the largest MA deals in AustraliaÆs pipeline has been blocked with the Australian Competition and Consumer Commission ACCC ruling against the merger of gaming companies Tabcorp and Unitab.

The chairman of the ACCC, Graeme Samuel, put an end to the merger plans on Wednesday when he opposed the deal on the grounds that it would substantially lessen competition in a number of betting markets, in particular the pooling of TAB bets.

He says the merger of the largest and second largest gaming companies in the country would ôremove Unitab as the only alternative supplier of pooling services in Australia which would also have significant consequences for potential new entrants to wagering...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222