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BRIEF-Tabcorp Enters Agreements With Crownbet
November 29, 2017 / 11:09 PM / 12 days ago

BRIEF-Tabcorp Enters Agreements With Crownbet

Nov 30 (Reuters) - Tabcorp Holdings Ltd:

* TABCORP ENTERS INTO AGREEMENTS WITH CROWNBET

* DEAL RELATED TO ‍SETTLEMENT OF PROCEEDINGS COMMENCED BY CROWNBET IN RELATION TO LEGAL STATUS OF THEIR PROPOSED ARRANGEMENTS WITH CLUBS IN NSW​

* DEAL ALSO RELATED TO ‍SUPPLY OF DIGITAL RACING VISION TO CROWNBET‘S CUSTOMERS (VISION SUPPLY AGREEMENT)​

* ‍ENTERS AGREEMENTS WITH CROWNBET PTY LTD ABOUT SETTLEMENT OF CROWNBET‘S OPPOSITION TO PROPOSED COMBINATION OF TABCORP & TATTS GROUP​

* ‍CROWNBET HAS AGREED NOT TO APPLY FOR JUDICIAL REVIEW OF TRIBUNAL‘S DECISION ON 22 NOVEMBER 2017 TO GRANT AUTHORISATION FOR TRANSACTION​

* ‍CROWNBET HAS ALSO AGREED NOT TO TAKE ANY ACTION WHICH WOULD IMPEDE IMPLEMENTATION OF TRANSACTION​

* CROWNBET HAS AGREED NOT TO COMMENCE ANY FURTHER COURT PROCEEDINGS IN RELATION TO SUBJECT MATTER OF NSW SUPREME COURT DECLARATION​ Source text for Eikon: Further company coverage:

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