Tatts and Tabcorp have approval to merge and create an $11 billion Australian gambling behemoth

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The Australian Competition Tribunal has approved the $11 billion merger of gambling businesses Tatts and Tabcorp.

The two have been working through regulatory hurdles for their deal combining TAB betting, lotteries, Keno and gaming services.

Earlier this year the consumer watchdog the ACCC (Australian Competition and Consumer Commission) identified a range of issues.

However, the competition tribunal today ruled the merger would result in “substantial” public benefits.

Tatts and Tabcorp want to wrap up the merger by September.

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