ACCC greenlights sale. “ACTTAB has not been a vigorous competitor”

Share Canberra's trusted news:

acttab

THE Australian Competition and Consumer Commission has given the go ahead to Tabcorp buying the ACT’s legacy betting agency ACTTAB.

The ACCC’s public review focused on whether, as a result of the proposed acquisition, Tabcorp would be able to offer punters less favorable odds, increase its commission fees or otherwise degrade the quality of its wagering products. The ACCC also considered whether there would be any impact on the supply of ‘pooling services’.

“The ACCC considered that ACTTAB has not been a vigorous competitor in wagering markets and the proposed acquisition would only result in a marginal increase in market concentration,” ACCC Commissioner Dr Jill Walker said.

While Tabcorp and ACTTAB both offer pari-mutuel and fixed odds wagering products to punters nationally via the telephone and internet, there is limited direct competitive overlap in their local retail outlets. They each have exclusive licences to supply off-course wagering services in their respective ‘home’ states – ACTTAB in the ACT, and Tabcorp in Victoria and NSW.

“The ACCC determined that Tabcorp would continue to be competitively constrained by the corporate bookmakers and other state-based operators,” Dr Walker said.

Additionally, the ACCC considers the proposed acquisition will not have a material impact on the national supply of pooling services in Australia.

Who Can You Trust?

In a world beleaguered by spin and confused messages, there's never been more need for diverse, trustworthy, independent journalism in Canberra.

Who can you trust? Well, for more than 25 years, "CityNews" has proudly been an independent, free, family-owned news magazine, serving the national capital with quality, integrity and authority. Through our weekly magazine and daily through our digital platforms, we constantly and reliably deliver high-quality and diverse opinion, news, arts, socials and lifestyle columns.

If you trust our work online and believe in the power of independent voices, I encourage you to make a small contribution.

Every dollar of support will be invested back into our journalism so we can continue to provide a valuably different view of what's happening around you and keep citynews.com.au free.

Click here to make your donation and you will be supporting the future of journalism and media diversity in the ACT.

Thank you,

Ian Meikle, editor

Previous articleNew traffic lights for Sternberg Crescent
Next articleJoy Burch announces pokies changes

Leave a Reply