The giant online gambling company, Tabcorp, has succeeded to secure a deal to acquire the ACTTAB gaming business of the ACT government. The deal would cost Tabcorp 105.5 Australian Dollars. This deal was announced recently and it is currently being reviewed by the Competition and consumer Commission of Australia and it is subject to being approved.
As a main part of the said acquisition, the ACT government is going to give Tabcorp a totalisator license that will last for 50 years. The government is also going to give Tabcorp an active sports betting license for an initial period of fifteen years with the option of renewal.