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BRIEF-Tabcorp Enters Agreements With Crownbet

Published 30/11/2017, 10:06 am
© Reuters.  BRIEF-Tabcorp Enters Agreements With Crownbet
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Nov 30 (Reuters) - Tabcorp Holdings Ltd TAH.AX :

* 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

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