The Australian Competition and Consumer Commission has issued a draft determination proposing to grant authorisation to Tabcorp Wagering Manager (Vic) Pty Ltd (Tabcorp) in relation to its agreement with ACTTAB Limited (ACTTAB) to provide fixed odds wagering management services.
The agreement will enable ACTTAB to provide the same fixed odds wagering services to its customers as those provided by Tabcorp. In return, Tabcorp will earn management fees.
Tabcorp and ACTTAB are the sole licensed pari-mutuel wagering operators in NSW and the ACT respectively. On 28 November 2012, the ACCC granted Tabcorp interim authorisation for this agreement.
“The ACCC considers that the agreement will enable ACTTAB to supply fixed odds wagering services to its customers that it may not otherwise be able to provide,” ACCC Deputy Chair Michael Schaper said.
“Competitive detriments are likely to be small due to the significant presence of betting exchanges and corporate bookmakers in Australia and overseas, who compete with ACTTAB and Tabcorp for customers and drive pricing in relation to fixed odds wagering.”
The ACCC proposes to authorise the agreement for five years.
Authorisation provides statutory protection from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act 2010. Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.
More information about the application for authorisation, including a copy of the ACCC's draft determination and public submissions, will be available at www.accc.gov.au/AuthorisationsRegister/