Application for authorisation of Tabcorp Holdings and Tatts Group proposed merger
Australian Competition Tribunal
The decision to seek authorisation was announced by Tabcorp on 13 March 2017 (see Tabcorp media release) following the release of a Statement of Issues by the ACCC on 9 March 2017 arising from an application for informal clearance.
The ACCC merger register page provides the following summary: 'Tabcorp Holdings Limited (Tabcorp) and Tatts Group Limited (Tatts) propose to merge. Tabcorp and Tatts both operate off-course totalisators and retail wagering networks (in different states and territories) and online wagering businesses. Tabcorp and Tatts both supply gaming and promotional management systems and services to gaming venues and gaming monitoring services to state governments.'
In its press release Tabcorp indicated it would withdraw the application for informal clearance.
The Tribunal has now published Tabcorp's application for Authorisation.
Application to ACCC for informal clearance
The ACCC commenced its review of the proposed merger on 25 November 2016.
Following release of SoI on 9 March 2017, Tabcorp withdrew its request for informal review and made application to the Tribunal for authorisation. .
Application to Tribunal
Tabcorp announced its decision to seek authorisation on 13 March 2017 (see Tabcorp media release).
Following announcement of decision to seek authorisation
- Sarah-Jane Tasker, 'Tatts deal: Tabcorp ditches ACCC review, goes to tribunal' (The Australian, 14 March 2017)
- Paul Gilder, 'Tabcorp cracking the whip in push to get merger past the post' (Herald Sun, 14 March 2017).
- John Durie, 'Tabcorp decision to switch regulators mid-race is being led by lawyers' (The Australian, 13 March 2017)
- James Thomson and John Stenshold, 'Tabcorp takes Tatts Group merger case straight to Competition Tribunal' (Australian Financial Review, 13 March 2017)
- AAP, 'Tabcorp takes Tatts bid to tribunal' (SBS, 13 March 2017).