The decision on whether the proposed merger between Australia-listed Tabcorp and Tatts Group will be allowed to go ahead has been extended by three months, local media reports.
The Australian Competition Tribunal was scheduled to make a ruling by Tuesday next week, but the deadline has been extended to September 10. The ACT said it needed additional time to consult with parties, and needed additional time to finalize conditions prior to the formal granting of the authorization.
The decision however, may still be delivered before the deadline.
“Tabcorp and Tatts are progressing the other government and regulatory approvals required for the transaction and working towards implementing the Transaction in third quarter 2017,” said Tabcorp in an Australian Stock Exchange filing on Thursday.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Japanese Prime Minister Yoshihide Suga oversaw a central government meeting on Friday which confirmed the outlines and the timeline of the nation’s IR development policy. He promised that it would be carried out with “fairness and transparency.”
Sociedade de Jogos de Macau, S.A. says its eligible employees will receive Living Subsidies equivalent to 2 months or 1.5 months of salary. The Living Subsidies will be made in two equal payments in January and July respectively, with the first payment to be made on 6 January 2021.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.