![]() ![]() —Richard Jefferson |
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21st November 2017 | SHARE THIS
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The Story | |||||
The merger of rivals Tabcorp and Tatts Group has been approved again by the Australian Competition Tribunal (ACT) just months after the Australian Federal Court struck it down. |
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Why is the merger on the table again? |
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The ACT said that the merger between Tabcorp and Tatts Group was unlikely to result in substantial public detriments, which was the argument raised by critics like rival betting company CrownBet and competition watchdog Australian Competition and Consumer Commission (ACCC). |
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Tabcorp and Tatts are dancing for joy. |
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Both Tabcorp and Tatts hailed the ACT’s decision but a CrownBet spokesman said that it will review the ACT’s latest decision before considering its options. |
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So what's next? |
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With ACT’s approval, Tabcorp and Tatts now only need two things: an approval from the Supreme Court of Victoria, and a vote for the affirming the merger from Tatts Group shareholders. |
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But there's a catch. |
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Considering that the Supreme Court hearing will be held on December 4, the window for appeal, and the Tatts Group’s shareholders meeting, observers said that the merger will be delayed into next year. |
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Takeaway |
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If things go the way as planned, Tatts and Tabcorp will be starting 2018 on a high note through the merger. |
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Jason Holden: There's definitely opportunities in gray markets |
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In this interview with CalvinAyre.com's Becky Liggero, Jason Holden of JackpotJoy explains why the Swedish gambling market is an attractive jurisdiction for operators. |
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Higher gaming platform use lifts DFNN earnings | |||||
Philippine-listed game technology provider DFNN reported that its revenues climbed by as much as 616 percent to PHP848.5 million (US$16.7 million) in January to September 2017 period. |
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French Senator wants ARJEL to investigate "loot box" gambling | |||||
Senator Jérôme Durain wants France’s gaming regulator to investigate the controversy surrounding loot boxes in video games, which many gamers consider as a form of gambling. |
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Another California card room fined millions for AML lapses | |||||
Artichoke Joe’s Casino in San Bruno, one of the California’s oldest and largest gaming venues, has been slapped with a hefty fine. |
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Hawaii and Utah are the only states with no legal commercial or Indian casinos, lotteries or other forms of gambling. |
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Combination Way Ticket - In keno, a ticket in which groups of numbers are bet several different ways, allowing the player to spread money over more combinations. |
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Sportradar announces "Team RevolutION" as winners of the Innovation Challenge 2017 |
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Sportradar has picked “team RevolutION” as the winning team of the Innovation Challenge 2017, the latest edition of its mentorship and innovation program for students in Ljubljana. |
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We would like to wish FanDuel co-founder Nigel Eccles as he steps down from his post as the company’s CEO. Eccles said that he will “focus on his next venture.” FanDuel’s former chief financial officer, Matt King, has returned and stepped in as Eccles’ successor effective immediately. |
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Want to be a guest contributor? Email bill@calvinayre.com |
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