The Australian Competition and Consumer Commission (ACCC) has announced it will not oppose Tabcorp Holdings Ltd’s
(ASX:TAH) proposed acquisition of Intecq Ltd
(ASX:ITQ), an electronic gaming machine company.
The regulator said its review focused on the supply of gaming and promotional management systems to gaming venues in Victoria and NSW.
It concluded that Tabcorp and Intecq are not currently close competitors in regards to the provision of those services.
The ACCC also addressed concerns that, after this transaction, Tabcorp might misuse gaming and customer data obtained from venues that are current customers of Intecq. The regulator decided that Tabcorp is unlikely to misuse Intecq’s venue data to distort competition due to the heavily regulated nature of the gaming industry.
Tabcorp reported a net profit of $169.7 million at 30 June 2016.
