Australia’s largest gambling company Tabcorp announced its intention to acquire its biggest domestic rival, Tatts, on Wednesday.
The on again-off again merger has been rumoured at least five times in just the last year. But the deal is now further ahead than it ever has been, as the companies near the creation of a A$11.3 billion $8.66 billion gambling and entertainment giant with market share in Australia of more than 60%.
The combined company will certainly be a behemoth but that is part of the problem. Some market participants fear that the Australian Competition and Consumer Commission will either block the deal, or take a long...
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