Australia mega-merger a regulatory gamble

The merger of Tabcorp and Tatts could create an Australian gambling giant. But approval is far from assured.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222