Victoria Supreme Court approves Tabcorp Tatts merger

The Supreme Court of Victoria has approved the scheme of arrangement for the combination of Tabcorp and Tatts Group, with the two companies now finally given a clear path to implementing their much anticipated merger.

On Tuesday, Tatts announced that its shareholders approved of the company’s merger with Tabcorp Holdings Limited, with 98.6 percent of votes cast by Tatts shareholders in favour of the resolution.

In a media release on Wednesday, Tabcorp said: “The combination creates a world-class, diversified gambling entertainment group, with a large national footprint and a diverse suite of product offerings across wagering, media, lotteries, Keno and gaming services.”

The merger is scheduled to be implemented on Dec. 22, 2017.