Tag Archives: tabcorp

ACCC’s Federal Court win derails Tabcorp-Tatts merger

The Federal Court of Australia has dealt a major blow for the planned merger of Tabcorp Holdings and Tatts Group, ruling against the Australian Competition Tribunal’s (ACT) right to approve the AUS $11 billion combination. Former merger review body the Australian Competition & Consumer Commission (ACCC) had filed for a Federal Court review in July 2017, having been dropped by Tabcorp …

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Betting on Esports 2017 dissected

“There is no ‘esports consumer.’  It’s much wider than that, with there being CS:GO consumers, DOTA consumers and so on” stated Adam Savinson of Win Technologies – Betway Group as Betting on Esports 2017 got underway. Discussing who an esport consumer is Mr Savinson added:  “You need to know to cater for their own communities, with esports being different to …

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Top Dogs… Sun Bets sponsors 71st East Anglian Derby at Yarmouth

Sun Bets marketing has informed that it will sponsor the 71st East Anglian Derby at Yarmouth Stadium (Norfolk) taking place this September. The News UK and Tabcorp joint-venture bookmaker undertakes’ its first greyhound racing sponsorship, in which it will contribute £15,000 towards the Derby’s racing prize-pool. Furthermore, the bookmaker will secure the title name on all syndicated races, which will be …

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Tabcorp promotes Adam Rytenskild as Wagering & Media lead

Updating the market, Australian ASX-listed gambling operator Tabcorp Holdings has confirmed the promotion of Adam Rytenskild as new Chief Operating Officer of its Wagering & Media division. Tabcorp makes the appointment in preparation for the retirement of Craig Nugent as leader of the division later this year. Since 2000, Rytenskild has served in a variety of Tabcorp group senior executive …

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‘Disappointing’ Sun Bets one of many impacts on Tabcorp balance sheet

Major Australian operator Tabcorp believes it has learned some lessons in its involvement with new UK operator Sun Bets, although these appear to have come at a rather expensive cost. The performance of the brand was one of three major deficits to Tabcorp’s balance sheet, which has seen the company report a loss for the financial year of AU$20.8m (£12.6m) …

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CrownBet backs ACCC filing against ACT’s review of Tabcorp-Tatts

James Packer’s CrownBet has again reiterated its stance against the AUS $11 billion merger of Tabcorp Holdings and Tatts Group Plc, by filing a judiciary appeal against the deal’s progress. CrownBet joins the Australian Competition & Consumer Commission (ACCC) in demanding a new competition review of Tabcorp-Tatts, stating that review body Australian Competition Tribunal (ACT) had acted in an ‘inconsistent’ …

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ACCC demands new review of Tabcorp-Tatts merger highlighting ACT review failures

The Australian Competition & Consumer Commission (ACCC) has filed a federal court order demanding a ‘further judicial review’ of the AUS $11 billion merger of Tabcorp Holdings and Tatts Group Plc. The Tabcorp-Tatts combination to form the ‘outright Australian gambling market leader’ was approved on 20 June by the Australian Competition Tribunal (ACT). However, the ACCC who acted as the …

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Sky Racing World sets the gallop with Korea Racing Authority partnership

Sky Racing World, the Kentucky-based distributor of international horse racing content, and subsidiary of Tabcorp, has partnered with the Korean Racing Authority (“KRA”.  Under the new partnership, Sky Racing World will distribute horse racing content from the KRA operated LetsRun Park Seoul and Busan-Gyeongnam tracks to advance depositing wagering (“ADW”) sites throughout America and Europe from August 3rd, 2017. The …

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ACT says YES to Tabcorp-Tatts AUS $11 billion merger

Following an arduous nine-month regulatory compliance review, the AUS $11 billion merger of Tabcorp Holdings and Tatts Group has received approval by The Australian Competition Tribunal (ACT). Tabcorp governance this morning issued a corporate update detailing the ACT’s ‘merger greenlight’, with full details of its competition review expected to be published on Thursday 22 June. Updating investors, Tabcorp governance stated …

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Australian betting industry awaits ACT’s Tabcorp-Tatts merger decision

Australia betting/gambling industry stakeholders await the official Australian Competition Tribunal (ACT) decision with regards to the AUS $11 billion Tabcorp Holdings and Tatts Group merger (deal first announced October 2016). Throughout May, the ACT has examined heated debate and opinion with regards to the Tabcorp-Tatts combination to create the Australian gambling market’s outright leader. As the merger review enters its …

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