The ACT will publish the reasons behind its approval later this week, with the only condition ordered by ACT
Tabcorp had already revealed plans to sell off the division to help ease concerns over the
Paula Dwyer, chairman of Tabcorp, said: "Tabcorp welcomes today's decision by the Tribunal; it represents an important step towards creating a world-class, diversified gambling entertainment group that is expected to deliver significant value for both sets of shareholders and material benefits to other key stakeholders including Australian racing industries, business partners, employees,
"The combination will bring together two great Australian businesses, well positioned to invest, innovate and compete in a global gambling entertainment marketplace. We look forward to continuing to work with Tatts to successfully complete the transaction and are working towards implementation in August 2017,” Dwyer added.
Earlier this month, doubts were raised over the merger after the Australian Competition and Consumer Commission formally opposed the deal. However, today’s approval
