CrownBet drops legal threat to Tabcorp Tatts merger
John StensholtFormer Rich Editor
Updated
Tabcorp has received a major boost in its race to finalise its $11 billion merger with Tatts Group by Christmas, with rival corporate bookmaker CrownBet dropping its long-running legal action against the deal.
CrownBet, 62 per cent owned by James Packer's Crown Resorts, will not oppose the deal, which is subject to a Tatts shareholder vote on December 12.
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