Various parties - proposed acquisition of Victorian Wagering and Betting Licence

Acquirer(s)

  • Various parties

Target(s)

  • Victorian Wagering and Betting Licence

Summary

The ACCC has withdrawn its consideration of the sale of the Victorian Wagering and Betting Licence following advice from the Solicitor General that, as the initial grant of a statutory licence, the acquisition of this licence is not an acquisition within the scope of Section 50 of the Trade Practices Act 1974.

Timeline

DateEvent
31/03/2009ACCC commenced review under the Merger Review Process Guidelines.
21/04/2009Closing date for submissions from interested parties.
01/05/2009Former proposed date for announcement of ACCC's findings, amended to allow for further inquiries.
20/05/2009ACCC withdrew its consideration of the sale of the Victorian Wagering and Betting Licence.