Tag Archives: tabcorp

Supreme Court approval sees Tabcorp and Tatts merger set date

The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …

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Tabcorp ends Odyssey affair as Tatts investors approve of marriage

Australia ASX listed gambling group Tabcorp Holdings has confirmed that it has completed its full divestment of Odyssey Gaming Services (Odyssey). Updating investors, Tabcorp confirms that it has fully sold its gaming machine and venue solutions supplier to Australian National Hotels Pty Limited, a transaction initially agreed in April 2017. The divestment of Odyssey is in accordance with merger demands …

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ACCC will not stand in way of Tabcorp-Tatts merger

The Australian Competition and Consumer Commission (ACCC) has detailed that it will not challenge the Australian Competition Tribunal’s (ACT) decision to approve the AUS $11 billion merger of Tabcorp Holdings and Tatts Group. Issuing a short market update, ACCC still believes that the Tabcorp-Tatts combination will impact industry competition within Australia’s gaming and betting markets. Nevertheless, ACCC governance will not challenge …

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Crownbet drops all oppposition to Tabcorp-Tatts merger

Updating the market, Australia ASX-listed gambling group Tabcorp Holdings has confirmed that it has fully settled its Tatts Group merger dispute with competitor Crownbet Limited. “CrownBet has agreed not to apply for judicial review of the Tribunal’s decision on 22 November 2017 to grant authorisation for the Transaction. CrownBet has also agreed not to take any action which would impede …

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Second jackpot drop of the year for Yggdrasil’s Empire Fortune

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Yggdrasil Gaming has paid out another significant jackpot, with one lucky punter scooping almost €1.12m on its progressive jackpot slot Empire Fortune. The prize pool was won by a 32-year old from Norway, who was gaming on Betsson’s mobile site on Saturday evening. Andy Broughton-Braithwaite, Director of Games at Betsson, said: “Yggdrasil’s games are perfectly tailored towards our players who …

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Yggdrasil and Tabcorp in Sun Vegas deal

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Yggdrasil Gaming has agreed a deal with Tabcorp for its slots to be featured on the Sun Vegas platform. Under the terms of the deal the supplier of online and mobile casino games will see its full portfolio of slots integrated, including the recently released Jungle Books and Valley of the Gods. Adam Ruffett, Director of Casino at Tabcorp UK, …

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Kindred Group looks to make inroads Down Under with new marketing drive

Online gambling operator Unibet, part of the Malta-based Kindred Group, intends to use aggressive marketing techniques to increase its share in the Australian gambling market, according to The Australian Financial Review.   Despite entering the market back in 2012 after purchasing local firm Betchoice, Unibet is still relatively small in the Australian market, particularly in comparison to the likes of …

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William Hill eyes Australian expansion by entering CrownBet takeover talks

Crown Resorts, the Australian gaming and entertainment group, and William Hill have both moved to confirm discussions have taken place, and are ongoing, regarding the formers 62% stake in online betting firm CrownBet. Speculation first came to light in The Australian newspaper, that ‘in depth’ talks over a potential deal were believed to ongoing between governances. Presenting a statement to the media, Crown Resorts …

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Australia favourites as Ashes fever descends on Brisbane

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Australia and England have a rivalry steeped in history, one that particularly comes to the fore whenever the two nations are pitted against each other in a sporting arena. That is epitomised by the Ashes, with the tiny urn the ultimate prize for whichever side can hold their nerve in the various cauldrons of noise over the course of the …

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Tabcorp hails “significant step” following merger greenlight

The tortuous progress of the long planned AU$11bn merger between Tabcorp and Tatts has been eased after the Australian Competition Tribunal (ACT) gave the deal the go-ahead, for the second time. The case had been referred back to the ACT for a second review, following opposition to the deal from the Australian Competition and Consumer Commission (ACCC) and rival betting …

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