Daily News Archive
Daily News Subscription
Sportsbet $40m Takeover Of IAS Approved
Meanwhile the Australian Competition & Consumer Commission "has given the green light to $1.5 billion Irish betting giant Paddy Power's Sportsbet business in Australia taking over" rival on-line corporate bookmaker International All Sports "in a $40 million deal, after a review of the national wagering market," reported The Australian Financial Review. The ACCC approval cited "sufficient transparency in the pricing of odds & the presence of plenty of wagering & sports betting services", after it "spent 5 weeks reviewing the Australian wagering market as part of its considerations & also scrutinised the operations of 13 Northern Territory-based corporate bookmakers".