Tabcorp Holdings (ASX:TAH) is an important step closer to towards creating a merged gambling entertainment group with Tatts Group (ASX:TTS).
Tabcorp says the combined company will deliver substantial financial and other benefits to both company shareholders, customers, business partners and stakeholders.
It comes as the Supreme Court of Victoria made orders for Tatts Group (ASX:TTS) shareholders to consider and vote on the proposed combination with Tabcorp Holdings (ASX:TAH).
The company says with all pre-implementation regulatory approvals in place, the transaction is expected to take place in November 2017.
Shares in Tabcorp Holdings (ASX:TAH) are trading 0.99 per cent higher to $4.09.