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CrownBet drops legal threat to Tabcorp Tatts merger

John StensholtFormer Rich Editor
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Tabcorp has received a major boost in its race to finalise its $11 billion merger with Tatts Group by Christmas, with rival corporate bookmaker CrownBet dropping its long-running legal action against the deal.

CrownBet, 62 per cent owned by James Packer's Crown Resorts, will not oppose the deal, which is subject to a Tatts shareholder vote on December 12.

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John Stensholt is a former editor of the BRW Rich 200 and Young Rich Lists.

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    Original URL: https://www.afr.com/companies/games-and-wagering/crownbet-drops-legal-threat-to-tabcorp-tatts-merger-20171130-gzvlrn