"Recently, several industry analysts noted that all else being equal, Tabcorp accepting the Entain bid would be more practical. That’s because the British company already operates in Australia, meaning it’d more easily clear regulatory hurdles than Apollo.Entain Australia also urged Tabcorp to accept its bid on the basis that the former is committed to the businesses, whereas Apollo could look to sell the units again in a few years after it turns a profit. By bringing Tabcorp’s betting assets into the fold, Entain would control approximately 48 percent of Australia’s horse racing and sports betting market."
I wonder if the ACCC will allow Entain to takeover Tabcorp's wagering assets? 48% of the wagering market seems like it could end up being not very competitive for consumers?
The article also infers that Betmakers is being ignored by Tabcorp.
I hope granny comes back to give some insight into the situation.
(20min delay)