{"id":241,"date":"2024-06-28T06:33:54","date_gmt":"2024-06-28T03:33:54","guid":{"rendered":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/"},"modified":"2024-06-28T06:33:54","modified_gmt":"2024-06-28T03:33:54","slug":"tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval","status":"publish","type":"post","link":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/","title":{"rendered":"Tabcorp and Tatts Merger Moves Forward After O&#8217;Shay&#8217;s Sale and Shareholder Approval"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/qDeQYPj_WMY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Tabcorp has finalized the transfer of its O&#8217;Shay&#8217;s gaming services branch, and Tatts Group investors have endorsed the proposed union between the two organizations.<\/p>\n<p>Australian National Hotels, a subsidiary of Federal Group, has acquired the division, which is a crucial component of the Tabcorp and Tatts merger.<\/p>\n<p>The two companies have agreed that the merger will result in a combined entity valued at roughly A$11 billion (EUR 70.8 billion\/USD 83.3 billion).<\/p>\n<p>To address concerns from the Australian Competition Tribunal (ACT) regarding the level of competition in the nation following the merger, Tabcorp has agreed to dispose of its O&#8217;Shay&#8217;s business.<\/p>\n<p>Last month, the ACT determined that the transaction could proceed, but mandated Tabcorp to sell its O&#8217;Shay&#8217;s gaming division.<\/p>\n<p>The Australian Competition and Consumer Commission (ACCC) has authorized the sale of O&#8217;Shay&#8217;s to Australian National Hotels, enabling Tabcorp and Tatts to progress to the next phase of the merger process. <\/p>\n<p>In the meantime, Tatt&#8217;s stakeholders have voted to endorse Tabcorp&#8217;s plan to take ownership of the entirety of the company&#8217;s issued stock through a structured arrangement.<\/p>\n<p>At a recent gathering, a substantial majority of Tatt&#8217;s shareholders were present and received information regarding the proposed transaction. An overwhelming number of these shareholders voted in favor of the consolidation.<\/p>\n<p>Tatt has formally requested the Victorian Supreme Court to authorize the scheme, with a hearing scheduled for the following day (Wednesday). A determination is anticipated on the same day.<\/p>\n<p>The two entities anticipate the merger to be finalized on December 22nd.<\/p>\n<p>Connected news: The ACCC will not contest ACT&#8217;s ruling on the Tabcorp-Tatt merger.<\/p>\n<p>The Tabcorp-Tatt merger progresses further following ACT approval.<\/p>\n<p>Tabcorp and Tatts Group are set to combine in an A$11.3 billion deal.<\/p>\n<p>Sign up for the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tabcorp has finalized the transfer of its O&#8217;Shay&#8217;s gaming services branch, and Tatts Group investors have endorsed the proposed union between the two organizations. Australian National Hotels, a subsidiary of Federal Group, has acquired the division, which is a crucial component of the Tabcorp and Tatts merger. The two companies have agreed that the merger [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>O<\/title>\n<meta name=\"description\" content=\"Australian National Hotels, a subsidiary of Federal Group, has acquired O\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Tabcorp and Tatts Merger Moves Forward After O&#039;Shay&#039;s Sale and Shareholder Approval\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Australian National Hotels, a subsidiary of Federal Group, has acquired O\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Trusted Source for Licensed Online Casino News &amp; Updates\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T03:33:54+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/\",\"name\":\"O\",\"isPartOf\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\"},\"datePublished\":\"2024-06-28T03:33:54+00:00\",\"dateModified\":\"2024-06-28T03:33:54+00:00\",\"author\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Australian National Hotels, a subsidiary of Federal Group, has acquired O\",\"breadcrumb\":{\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/28\/tabcorp-and-tatts-merger-moves-forward-after-oshays-sale-and-shareholder-approval\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ukonlinecasinoslist.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tabcorp and Tatts Merger Moves Forward After O&#8217;Shay&#8217;s Sale and Shareholder Approval\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ukonlinecasinoslist.icu\/#website\",\"url\":\"https:\/\/ukonlinecasinoslist.icu\/\",\"name\":\"Your Trusted Source for Licensed Online Casino News &amp; Updates\",\"description\":\"Immerse yourself in the dynamic world of online gambling with the help of our fresh news, honest game reviews, and informative insights. 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