Tabcorp Holdings Limited - variation - s.87B undertaking

Company or individual details

  • Tabcorp Holdings Limited
    063 780 709

Undertaking

On 11 December 2017, the ACCC consented to a variation to the section 87B Undertaking given by Tabcorp Holdings Limited (Tabcorp) and accepted by the ACCC on 5 July 2017. 

The Undertaking was a condition on which the Australian Competition Tribunal (the Tribunal) granted authorisation of the proposed acquisition by Tabcorp of the issued share capital of Tatts Group Limited (the proposed acquisition) on 22 June 2017. Following an appeal in which the matter was referred back to the Tribunal, on 22 November 2017 the Tribunal re-authorised the proposed acquisition subject to the condition that Tabcorp give to the ACCC an undertaking in the same form as the Undertaking.

The Undertaking requires that Tabcorp divest its Odyssey gaming business in Queensland to Australian National Hotels Pty Ltd (Federal Group).

The purpose of the variation is to update certain agreements that form part of the Approved Sale and Purchase Agreement at Confidential Schedule 6 of the Undertaking. The amendments to those agreements are required to clarify the obligations of the parties to the agreements.

Variations