Tabcorp has received the all clear from the competition watchdog to buy the ACT government's gaming business ACTTAB in a $105.5 million deal.
The Australian Competition and Consumer Commission says it will not oppose the takeover as it does not expect the deal will cause a major increase in gaming market concentration.
"The ACCC determined that Tabcorp would continue to be competitively constrained by the corporate bookmakers and other state-based operators," ACCC commissioner Jill Walker said on Thursday.
As part of the deal, which was announced in July, the ACT government will issue Tabcorp with a totaliser and sports bookmaking licence, while the company will pay an annual $1 million licence fee.
ACTTAB runs the territory's wagering, Keno and trackside businesses.
