TTS 0.00% $4.45 tatts group limited

News: TTS ACCC issues statement on proposed merger of Tabcorp and Tatts

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    March 9 (Reuters) - Australian Competition And Consumer Commission -

    • Considers Tabcorp and Tatts primarily compete for online and telephone customers
    • Seeking comment on Tabcorp's divestment proposal to sell its queensland electronic gaming machine monitoring business
    • ACCC issues statement on proposed merger of tah and tts-axx,tah,tts
    • Considers Tabcorp and Tatts primarily compete for online and telephone customers
    • ACCC notes there is limited competitive overlap between retail wagering operations of merger parties which are exclusively held in separate states and territories
    • ACCC's preliminary view is that proposed merger is likely to lessen competition in supply of monitoring & other services to pokies venues in queensland
    • Says, Tabcorp has recently provided ACCC with a divestment proposal to sell its queensland electronic gaming machine monitoring business
    • ACCC's final decision will be announced on 4 May 2017
 
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