Australia’s competition watchdog has cleared Tabcorp Holdings Limited (ASX:TAH) to acquire ACTTAB from the ACT government for $105.5 million.
The gaming company announced the deal in July which also includes being issued long-term gaming licences from the ACT government.
ACTTAB is a territory-owned provider of totalisator and fixed-odds wagering, Keno and Trackside products.
The Australian Competition and Consumer Commission (ACCC) has determined Tabcorp will continue to be competitively constrained by corporate bookmakers and other state-based operators.
The regulator also considers the acquisition will not have a material impact on the national supply of pooling services in Australia.
Tabcorp Holdings reported a net profit of $130 million in the full 2014 financial year.
