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Tabcorp completes $105.5m ACTTAB acquisition

15th October 2014 6:14 am GMT

Australian gaming giant Tabcorp has completed its AUD$105.5m acquisition of state-owned betting agency ACTTAB from the Australian Capital Territory.

The completion follows the receipt of necessary approvals, including clearance from the Australian Competition and Consumer Commission (ACCC) and various regulatory agencies.

Tabcorp entered into an agreement with the ACT Government to acquire ACTTAB in July. Under the terms of the acquisition, Tabcorp gains a 50-year exclusive totalisator licence, a 15-year bookmaking licence with extensions for a total [...]

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