What Tabcorp and Tatts bring to a merger

Tabcorp and Tatts plan to form a single gaming giant worth $11.3 billion, but what does each party bring to the table?

HOW DOES THE TABCORP-TATTS MERGER SHAPE UP?

TABCORP

* Operates Luxbet, Keno, TAB, Sky Racing, TGS and UK betting site Sun Bets

* 2015/16 net profit of $170m

* Shares $4.89 prior to merger announcement

* In NSW, ACT, VIC, QLD

TATTS

* Operates UBET, Golden Casket, Tatts and NSW Lotteries

* 2015/16 net profit of $233m

* Shares $3.59 prior to merger announcement

* In VIC, NSW, QLD, SA, ACT, TAS, NT

TOGETHER

* Combined value of $11.3b

* Tabcorp to pay a 20 per cent premium on Tatts shares

* Merged by mid 2017

* $500 million share buyback post-merger

* Deal subject to ACCC and shareholder approval