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CrownBet Drops Legal Threat

Friday, 1st December 2017

The proposed $11 billion merger between Tabcorp and Tatts Group is a step closer after CrownBet decided not to pursue legal action against the deal, reports AAP. In a media statement released yesterday, Tabcorp said CrownBet, which is majority-owned by James Packer's Crown Resorts, will not be applying for judicial review of the Australian Competition Tribunal's decision last week to approve the merger. "CrownBet has also agreed not to take any action which would impede the implementation of the transaction," Tabcorp said. Tatts shareholders are scheduled to vote on the merger on 12 December.

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