The Australian Competition and Consumer Commission (ACCC) has formed a preliminary view on the proposed merger between Tabcorp Holdings
(ASX:TAH) and Tatts Group
(ASX:TTS).
The regulator believes this merger would substantially lessen competition in the supply of monitoring and other services to pokies venues in Queensland.
Given these concerns, Tabcorp has proposed to sell Odyssey, which is its Queensland electronic gaming machine monitoring business.
The ACCC is accepting further submissions from interested parties until 24 March – particularly those in the wagering, racing media and gaming industry. And the regulator will make its final decision on 4 May 2017.
Last month, Tabcorp reported its first-half statutory net profit dropped 28.1% to $58.9 million.
