CrownBet accepts Tabcorp-Tatts merger

The company reached a settlement agreement to accept the merger between the Australian giants.

Australia.- Online bookmaker CrownBet has decided to move on from the discussion regarding a merger between Tabcorp and Tatts. The company reached a settlement agreement with Tabcorp in order to make it official.

Tabcorp revealed yesterday that it has entered into a settlement agreement that establishes that CrownBet withdraws it’s opposition to the upcoming merger and in exchange Tabcorp will supply a digital stream of horse racing channels SKY 1 and SKY 2 to CrownBet for wagering customers’ use on mobile and desktop.

CrownBet said in a statement that the competition no longer opposes the merger of Tabcorp and Tatts and will not interfere in any way with the implementation of the merger.

Tabcorp also agreed to stop any proceedings in the NSW Supreme Court wanting the approval of its digital wagering advertising deal with licensed clubs in New South Wales.