All bets are on as Aussie giants Tabcorp and Tatts get okay for merger

Sydney

AUSTRALIAN gambling giants Tabcorp and Tatts were Tuesday given the green light by the competition tribunal to merge, paving the way for the creation of a betting powerhouse following months of uncertainty.

The rival Australian-listed firms announced their plan to merge in October, but the proposal encountered several hurdles including questions raised by the Australian Competition and Consumer Commission about the impact on competition in Queensland state.